INTRADAY/SCALPING trade: Let's catch the drop
After it's big impulse of the NZDUSD, it needs some correction in order to continue moving up OR to reverse at a critical level where the market rejected multiple times at 1H timeframe and it is a major turning point if you look to the left.
--> Small & Easy to catch.
--> If market reverse at that turning point with an impulsive bearish move, then extend your take profit target.
ENTRY: 0.70470
STOP LOSS: 0.70670 (20pips)
TAKE PROFIT 1: 0.70270 (1:1) --> 1/3 Parochial Profits & Move to BE
TAKE PROFIT 2: 0.70070 (1:2) --> 1/3 Parochial Profits & Move SL to 1:1 - 0.7027
TAKE PROFIT 3: 0.69870 (1 :3) --> 1/3 Parochial Profits
HAVE FUN & HAPPY PROFITS ! ! !
--> Small & Easy to catch.
--> If market reverse at that turning point with an impulsive bearish move, then extend your take profit target.
ENTRY: 0.70470
STOP LOSS: 0.70670 (20pips)
TAKE PROFIT 1: 0.70270 (1:1) --> 1/3 Parochial Profits & Move to BE
TAKE PROFIT 2: 0.70070 (1:2) --> 1/3 Parochial Profits & Move SL to 1:1 - 0.7027
TAKE PROFIT 3: 0.69870 (1 :3) --> 1/3 Parochial Profits
HAVE FUN & HAPPY PROFITS ! ! !
Comment:
TP1 HIT --> TAE 50% PAROCHIAL PROFITS &MOVE TO BREAK EVEN
Comment:
BREAK EVEN HIT
RESULT: +0.5% PROFITS
RESULT: +0.5% PROFITS