ciisemoney

Trading PSYCH levels

Short
FX:EURNZD   Euro / New Zealand Dollar
Testing new strategy

only high probability trading

if price reaches to the next psych level before the sell stop is triggered the trade is invalidated.
but if does than our stop loss is 50 pip from the entry level and aiming to get about 75 pips - commission.

if price reaches 18200 we will look to capture the sell stop from that area.

risk management is key
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.