NZD/USD SHORT MOMENTUM POSITION ON 4 HOUR
Updated
This is the position based on Edger trading system on 4 Hour time frame,
This setup is 1:1 RR, entry has to be done on the candle close, the entry can be refined by your own knowledge.
This is only for educational purpose and no financial advice.
PLACE SELL STOP
ENTRY : 0.68267 STOP LOSS : 0.68564
TAKE PROFIT 25% : 0.68193
TAKE PROFIT 50% : 0.68119
TAKE PROFIT 75% : 0.68045
TAKE PROFIT 100% : 0.6797
FOLLOW RULES:
1. IF TAKE PROFIT 25% HITS, THEN MOVE THE STOP LOSS AT BREAK EVEN AND CLOSE 25% OF THE POSITION.
2. IF TAKE PROFIT 50% HITS, THEN MOVE THE STOP LOSS AT 25% TP LEVEL AND CLOSE 50% OF THE POSITION.
3. IF TAKE PROFIT 75% HITS, THEN MOVE THE STOP LOSS AT 50% TP LEVEL AND CLOSE 50% OF THE POSITION.
4. IF FULL TAKE PROFIT HITS, THEN CLOSE THE TRADE AND ENJOY.
ALSO, HIT LIKE, SHARE AND FOLLOW FOR MORE IDEAS. YOU CAN ALSO RAISE QUESTIONS ON TRADINGVIEW.
This setup is 1:1 RR, entry has to be done on the candle close, the entry can be refined by your own knowledge.
This is only for educational purpose and no financial advice.
PLACE SELL STOP
ENTRY : 0.68267 STOP LOSS : 0.68564
TAKE PROFIT 25% : 0.68193
TAKE PROFIT 50% : 0.68119
TAKE PROFIT 75% : 0.68045
TAKE PROFIT 100% : 0.6797
FOLLOW RULES:
1. IF TAKE PROFIT 25% HITS, THEN MOVE THE STOP LOSS AT BREAK EVEN AND CLOSE 25% OF THE POSITION.
2. IF TAKE PROFIT 50% HITS, THEN MOVE THE STOP LOSS AT 25% TP LEVEL AND CLOSE 50% OF THE POSITION.
3. IF TAKE PROFIT 75% HITS, THEN MOVE THE STOP LOSS AT 50% TP LEVEL AND CLOSE 50% OF THE POSITION.
4. IF FULL TAKE PROFIT HITS, THEN CLOSE THE TRADE AND ENJOY.
ALSO, HIT LIKE, SHARE AND FOLLOW FOR MORE IDEAS. YOU CAN ALSO RAISE QUESTIONS ON TRADINGVIEW.
Trade closed: target reached
Take profit level 25% and 50% hit for +15.7 pips and reversed, Risk management worked perfectly in this trade.
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