Back Test: GBPNZD (3a) 4-hr

4-hr chart
EMA Strategy: GBPNZD

Long
Trade Entered @ 9:00 PM Wednesday 26/12/2018

Checklist for Long:
1. Retest @ EMA (25, close) -
2. EMA (25, close) holds as support -
3. Last Candlestick longer than the previous -
4. Reversal Candlestick Pattern -
5. Long Lower Shadow, Short Upper Body

Risk
- Holidays, so charts might behave funky

Note
- Move SL to breakeven once trade is 50pips in profit

Commento:

If you guys missed the first entry, here's another using the 1-hr chart

This one comes with a higher risk to reward ratio.
Back Test: GBPNZD (5a) 1-hr

Commento:

Market not moving as smooth as I would like, a lot of long shadows. Currently waiting for price to breakout of that zone. Set SL to breakeven or take profits if you would like to ease some risk.

Should be a risk free trade.
Hence Trade successful.

Commento:

For those that held the trade, it has now hit TP

For those that exited, there was a point that you could enter after price retested the upper limit of the consolidation zone for a couple of pips.

Trade successful.