STOP/ENTRY/TP - NZDJPY - LONG (3.2%)
1) - PA to break LEVEL / PIVOT/ 50 EMA upwards.
2) - A pleasant move upwards before the FIB RETRACE Kicks in.(PULL BACK to Value)
3) STOP UNDER that FIB retrace below 50 EMA as well. Protected STOP - important - Rough Idea HIGH LIGHTED BY ARROWS.
4) - Target to next level above with a possible good push, Conservative 2% target if manual close earlier.
TARGET is more a zone hence 3.2% is your more optimistic target. We can manually close at any point.
Entry will be during the London Session utilising the 5 min chart.
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2) - A pleasant move upwards before the FIB RETRACE Kicks in.(PULL BACK to Value)
3) STOP UNDER that FIB retrace below 50 EMA as well. Protected STOP - important - Rough Idea HIGH LIGHTED BY ARROWS.
4) - Target to next level above with a possible good push, Conservative 2% target if manual close earlier.
TARGET is more a zone hence 3.2% is your more optimistic target. We can manually close at any point.
Entry will be during the London Session utilising the 5 min chart.
============ JOURNAL ALL YOUR TRADES =====================
🚨 J O U R N A L 🚨 all your trading SO you understand where your strategy works and where to refine your approach ✅
If you have struggled getting started with Journaling then utilise the link on the Avatar page or the link provided. You'll be glad you did.
Good Luck and let's make 2022 a profitable year.
Comment:
A little stumble back to 76.25 Would be S U P E R helpful.
Something to push off from for the OPEN this evening.
A move upwards to R1 15MIN then some Chop before clear air to TP...
That's what we are after.
Or
just a Dirty Great Bull Candle to tap TP...
Something to push off from for the OPEN this evening.
A move upwards to R1 15MIN then some Chop before clear air to TP...
That's what we are after.
Or
just a Dirty Great Bull Candle to tap TP...
Comment:
So a Short back to the entry here wouldn't make any sense whatsoever - As effectively those shorting are doing so straight back into support.
This would be a clear sign of inexperience traders simply taking a gamble.
A short would also result into a move back into the mess of consolidation. The trade should have moved Upwards YESTERDAY.
The proper way out from here is upwards towards the target - or at least on the way to the target. Let's see if inexperienced traders interfere again.
This would be a clear sign of inexperience traders simply taking a gamble.
A short would also result into a move back into the mess of consolidation. The trade should have moved Upwards YESTERDAY.
The proper way out from here is upwards towards the target - or at least on the way to the target. Let's see if inexperienced traders interfere again.
Comment:
Additional Metrics to utilise for the trade idea
Compare NZDUSD and JPYUSD. You will see NZD is stronger currently than the JPY.
Although the Pivot on NZDUSD is offering some resistance as of the time of typing 13.32 EST Brisbane Time, AUST.
Compare NZDUSD and JPYUSD. You will see NZD is stronger currently than the JPY.
Although the Pivot on NZDUSD is offering some resistance as of the time of typing 13.32 EST Brisbane Time, AUST.
Comment:
Confident the target will be reached - BUT at this point now is where we see turbulence.
No idea what that was at 77.200 level. Inexperienced traders trying to short at a NON - EXISTENT level hence they have now had their STOPs hit and are now fueling the run higher.🤣
No idea what that was at 77.200 level. Inexperienced traders trying to short at a NON - EXISTENT level hence they have now had their STOPs hit and are now fueling the run higher.🤣
Comment:
LAST COMMENT - UPON CLOSER INSPECTION - The short was at the 50 EMA on the daily Chart. Which was fair enough. But even using this - You want a high test and a confirmation of the reversal the following day. Ofcourse no barriers between entry and Target again. (GOES WITHOUT SAYING)
Comment:
PLUS ------- 3 . 32 % ✅
RECOUPED PREVIOUS TRADE LOSS AND WE ARE NOW IN A SMALL PROFIT FOR 2022.
🔥🔥😁🔥🔥
RECOUPED PREVIOUS TRADE LOSS AND WE ARE NOW IN A SMALL PROFIT FOR 2022.
🔥🔥😁🔥🔥
Trade closed: target reached:
🎯
Pivot in the right spot, 50 EMA dynamic support, S/R level. confluence looking Goooooooood.