AUD NZD - Long Flashcard
- Double bottom formation (more pins to a low) created early London session
- Lower lows created until a spike, after which the spike wasn't broken and 4 higher lows were created
- RSI crossed MBL and MBL curving upwards
- Entry @ second close above 13 ema
- Stop loss 5 pips below low off formation
- Average daily range of pair is low so lot size is doubled and stop loss is tighter (in terms of pips)
- TP @ RSI cross into signal line and hook into volatility bands (halfway through candle since stop should be tight at that point)
- Double bottom formation (more pins to a low) created early London session
- Lower lows created until a spike, after which the spike wasn't broken and 4 higher lows were created
- RSI crossed MBL and MBL curving upwards
- Entry @ second close above 13 ema
- Stop loss 5 pips below low off formation
- Average daily range of pair is low so lot size is doubled and stop loss is tighter (in terms of pips)
- TP @ RSI cross into signal line and hook into volatility bands (halfway through candle since stop should be tight at that point)