EURNZD : LONG SETUP - Waiting for close of bullish conformation candle - Entering long position @ 22:00 GMT - Small conformation candle pip value / Great risk to reward due to each pip having a higher value - Still using 1-2% capital risk
Rules: Long 1. MA40 above MA120 2. Price must cross MA40 from below 3. Test MA40 for support 4. Create bullish 4H candle after test of support
Entry: 1.50950 / Enter Long on close of 4H Bullish candle SL: 1.50950 Set below Bullish 4H conformation candle
Commento
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05/02 22:08 (GMT) EUR/NZD Spread has returned back to a respectful gap Long position opened @ 1.50993 LS placed @ 1.50576
Commento
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5 pips from SL over night, then reversed. Aiming for London & European market to push this up with good data and technicals