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RenkoBuddy
Dec 31, 2016 12:57 PM

EUR/NZD 4H STRATEGY JAN 17 FORECAST Long

Euro Fx/New Zealand DollarFXCM

Description

EUR/NZD - LONG ORDER

New Year, New motives: Aiming for an emotionless trading year.
- Money Management
- Strategy Play
- Discipline
- Patience

EUR/NZD: SETUP
- Waiting for MA20 to cross back above MA50 for long orders.
- MA20 to test for support again.

Rules: Long
1. MA50 above MA120
2. Price must cross MA50 from below
3. Test MA40 for support
4. Create bullish 4H candle after test of support

Entry: Enter Long on close of Bullish candle
SL: Set below Bullish 4H candle
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