EURNZD Uptrend - Elliot wave opportunity? 120pips Long

Euro Fx/New Zealand DollarFXCM

Description

⋅ May 16, 2018 8:03 AM

Uptrend - Higher Highs and Higher Lows

50 EMA providing good resistance - Entering at the 50EMA bounce upward through Pivot R1 up to potentially R2

Two trades 30pips Stop Loss, 30pips 1:1 and 3:1

Don't forget to risk manage - babypips.com/learn/forex/what-is-a-trading-plan

t > @bizlus

Trade closed: stop reached

⋅ May 16, 2018 10:25 AM

Comment

⋅ May 16, 2018 10:26 AM

A retrace to the pivot maybe, we'll seek re-entry later.