NZD JPY - Long Flashcard
- Bullish trend
- Presented the same way as GJ (refer to previous flashcard)
- Double bottom formation off of 200 ema
- First leg presented with a RSI hook into the volatility bands
- Second leg came for the same low and presented an entry with a break plus close above 13 ema and RSI volatility band cross
- TP (could be at initial high of day but i moved stop to break even at that point) at RSI hook back into the volatility bands and cross signal line for 25 pips
- A close above the 50 ema could have also been used here for entry
- Bullish trend
- Presented the same way as GJ (refer to previous flashcard)
- Double bottom formation off of 200 ema
- First leg presented with a RSI hook into the volatility bands
- Second leg came for the same low and presented an entry with a break plus close above 13 ema and RSI volatility band cross
- TP (could be at initial high of day but i moved stop to break even at that point) at RSI hook back into the volatility bands and cross signal line for 25 pips
- A close above the 50 ema could have also been used here for entry