rozela99

DO YOU KNOW HOW TO READ PRICE ACTION? #4

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
17 0 0
We fianly have a NEW STRUCTURE HIGH.

This gives us confirmation that we are in an uptrend.
now draw a line from the HHHC to the MRL             Then from the MRL             to the NSH            

We must now wait for an optimal entry point to insure we get at least a 1:1 risk to reward. To do this we must know where our stop and target will go.

To find the entry:
FIRST place your stop loss 10 pips below the most recent low ( MRL             )
SECOND place your target @ the New Structure High NSH            
THIRT, wait for he retracement down into a level that gives us at least a 1:1 rr

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