$NZDUSD Trade Idea that clicked inSerie Of Higher high On 30Min, 1hour and 4 hour timeframes
Break Of Structure (BOS) of the Trendline.
I waited for my confirmation trend continuation candle on the lower time frame (30min)
I put 2 trendlines on the body of the first blue candle
Since I see that the price CLOSE higher than the trendline of the Higher Body Length, I went Long with a StopLoss at the yellow trendline (4 Hour Trendline)
Take Profit at Fibonacci Extension -127% (100pips)
That was my first confirmation, I took a second trade at my second confirmation
When the price retraced to Fib Retracement 38.6%, I adjusted SL but when I saw that it didn't break 50% but just tested it, I put another Long position. Small stop loss hunt institutions.
it was another confirmation of the uptrend (while adjusting the SL to 78.6%)
Finally, my last confirmation was my Moving averages (Blue over red signal uptrend)
I could have added other indicators but , my trade idea was already in motion with strong confirmations already
3 positions, 1 trade, 267 pips
100 pips
81 pips
86 pips
SL was 15 pips in the red so, very low downside for big upside . Opaah !
1 day and 1 hour of holding.
