NZD/USD Longs trade plan 25 July 2022
Structure:
- H4 uptrend
- D candles broke all previous highs and showing momentum
- W stochs crossed up to show support to buy set ups along the way
1. Div - m3/m5 (2)
2. stoch cross ups - M45, H1, H2 (3)
3. MA bounces - M15, M30, H2 (3)
Enter with pending stops above prev lower high (LH) to be safe and go for a simple 1:3 or 1:4.
Note to self: >= 5 confluences to have the confidence to execute already, don't need to overthink it
- H4 uptrend
- D candles broke all previous highs and showing momentum
- W stochs crossed up to show support to buy set ups along the way
1. Div - m3/m5 (2)
2. stoch cross ups - M45, H1, H2 (3)
3. MA bounces - M15, M30, H2 (3)
Enter with pending stops above prev lower high (LH) to be safe and go for a simple 1:3 or 1:4.
Note to self: >= 5 confluences to have the confidence to execute already, don't need to overthink it
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.