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avidtrader89
Feb 3, 2017 2:13 AM

EURNZD Short Setup Short

EURO / NEW ZEALAND DOLLARICE

Description

A potential short trade to continue the bearish trend following a pullback and rejection of the 20 day EMA.

1:1 risk/reward ratio trade with a 100 pip profit target set at 1.46700.
Stop loss set above the previous high at 1.48720.

Time target: 1-4 days
Risk management: 1-5% of trading account, potential hyper trade to lower low.

Comment

Trade complete. +100 pip profit, 2 days.
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