NZDJPY sell Valid. 📉🎯↘️Time for my first idea of 2021.
We all know battling the virus has been tiring so promise yourself's one thing this year. Don't be battling against the markets too!
Consider following the markets with the trend base script I use.
Here we have a short trade on NZDJPY working the 2H time frame.
I trade this pair by working to a take profit target with a stop loss. Risk to reward ratio is 1:6 and I can trade this way in confidence due to back test data showing this way to have been 59% profitable from 1st of January last year to know.
As you will see the last trade didn't land at the take profit target but 45 pips was still gained of that trade. I simply follow the charts until the next signal presents and then it's time to enter the new trade. All back test data is provided at the bottom of the screen so feel free to have a look and select the sub menu tabs showing 'list of trades' and 'performance summary' which will help show the full back tested picture.
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This is easy right?
With our strategy you simply execute trades when the script presents them on the chart.
No lines, no S&R - no analysis, all I have to do is follow it.
The major plus point is I can see it works with all the data within the strategy tester.
This helps me and our traders have confidence and belief in our execution.
For any information on the script in question please drop me a message.
