Trading method: RSADVANTAGE Stage 5, 95% accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends. This system is made of custom technical indicators that properly detect trends very early and provides exit signals at the possible dynamic S/R zones. Average yearly pips gained is 40k per pair.
NZDUSD Technical Outlook To open long positions for NZDUSD , it is required:
In this situation we are now waiting for a reversal to occur as we wait for Awesome Osci to go into positive territory alongside of our other system indicators to confirm trade entry confirmation for movement to the upside and but if the market trend continues to range this signal will become invalid. Market execution for entry, I will confirm signal once the conditions have been met.
Risk Description: Once signal is confirmed 60 pips will be up for grab with small risk SL at swing low.
Profit expectations: 1-2 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.
Current Dynamic S/R Levels: Swing high: 0.68572 Swing Low: 0.68202
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I made a mistake with the text on chart
SCENARIO // IMPLUSE WAVE SETUP UNCONFIRMED RECOMENDATION - LONG WHEN UPDATED ENTRY SIGNAL IS CONFIRMED // AO INDICATOR HAS TO BE IN POSITIVE TERRITORY+0.001 ENTRY POINT - 0.683382 TAKE PROFIT - 0.686700 STOP LEVEL - 0.68240 STAGE5 TREND FILTER: BULLISH START SIGNAL
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Signal was provided by the system but I wasn't at my trading desk to execute the transaction. Sorry about that guys