Carlos44

NZD/USD - STRONG DOWNTREND - CONTINUATION BACK 0.55

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
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1
ONLY ENTER IF YOU SEE BEARISH REVERSAL CANDLE IN SELL ZONE

DO NOT ENTER IF PRICE EXCEEDS SELL 0.60400

SELL LIMIT 1

LOOK TO SELL NZD/USD AT 0.59600
STOP LOSS: 20 PIPS
TAKE PROFIT 1 : 100 PIPS RISK TO REWARD 1:5
TAKE PROFIT 2 : 250 PIPS RISK TO REWARD 1:12

SELL LIMIT 2

LOOK TO SELL NZD/USD AT 0.60200
STOP LOSS:20 PIPS
TAKE PROFIT 1 : 120 PIPS RISK TO REWARD 1:6
TAKE PROFIT 2: 200 PIPS RISK TO REWARD 1:10
TAKE PROFIT 3: 400 PIPS RISK TO REWARD 1:20 (SWING TRADE )

LOOKING TO TAKE NZD/USD BACK TO PREVIOUS LOW 0.55


Comment: ENTER ON SELL LIMIT 2 SELLING AT THE BEST PRICE WE ARE COMING UP TO THE LEVEL