FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Break and restest of the 50 EMA

Bounce off the pivot point

Bullish Engulfing

Upcoming news in NZ             of consumer confidence could be a good boost or if negative could move the trade against us.

risk/ reward 1:2

Stop below 50EMA and Pivot point . TP just before R1 but will need to trade through some previous resistance level at .70800

risk .5%

Let me know your thoughts?
Trade closed: target reached: TP Hit - held for a day and a bit.

Came very close to hitting the SL before moving in our direction.

I was thinking of giving it a little more room but made it a tight SL. Lucky this moved in our direction - but the lesson learned is not to be greedy with the risk reward squeezing out the a couple of extra pips. Reduce stress - give your trade room to breath.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out