NU BEARISH
Updated
I am thinking that NZDUSD will sell.
- The candles are below both of the EMAs. Bearish conditions are met.
- The MOM is below 0. Bearish conditions are met.
- The STOCH is below 50, facing down and the orange line is above the blue line. Bearish conditions are met.
Potential trade idea. Sell at Market execution or Sell Limit at 0.61500.
SL: 0.62000 (-40 PIPS)
TP 1: 0.61200 (+40 PIPS)
TP 2: 0.61000 (+60 PIPS)
TP 3: 0.60800 (+80 PIPS)
- The candles are below both of the EMAs. Bearish conditions are met.
- The MOM is below 0. Bearish conditions are met.
- The STOCH is below 50, facing down and the orange line is above the blue line. Bearish conditions are met.
Potential trade idea. Sell at Market execution or Sell Limit at 0.61500.
SL: 0.62000 (-40 PIPS)
TP 1: 0.61200 (+40 PIPS)
TP 2: 0.61000 (+60 PIPS)
TP 3: 0.60800 (+80 PIPS)
Note
My math was off. SL should be -50 pips
TP 1 should be +30 pips.
TP 2 should be +50 pips.
TP 3 should be +70 pips
Trade closed: target reached
TP 1 AND TP 2 were hit!Trade closed: target reached
TP 3 HIT!Note
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