Trade of the week: NZD/USD H1: 22-23rd of May: +6% (+148 pips)
For more details and examples of trade, click "Examples of Trade" in the menu
On the 22nd of May, at London Open, on D1 there is no trend but the ewave is about to cross the ZL, on H4, the trend is up, and on H1, we have a double upper level of the box (H4-H1). This is a second entry after a first break. We put a pending order above the double level (initial SL in the other side of the box is at 21 pips) which is immediately triggered, the price goes up and takes a break forming another buy fractal, we place a pending order for this addon which is triggred (initial SL below the green line is at 28 pips), the price goes up nicely, we exit the next, after divergence, while the candle closes below the green line for a profit of 84 pips (+4%) for the 1st entry and + 64 pips (+2%) for the addon, a total of +6% profit (+148 pips): Another excellent classic trade.
For more details and examples of trade, click "Examples of Trade" in the menu
On the 22nd of May, at London Open, on D1 there is no trend but the ewave is about to cross the ZL, on H4, the trend is up, and on H1, we have a double upper level of the box (H4-H1). This is a second entry after a first break. We put a pending order above the double level (initial SL in the other side of the box is at 21 pips) which is immediately triggered, the price goes up and takes a break forming another buy fractal, we place a pending order for this addon which is triggred (initial SL below the green line is at 28 pips), the price goes up nicely, we exit the next, after divergence, while the candle closes below the green line for a profit of 84 pips (+4%) for the 1st entry and + 64 pips (+2%) for the addon, a total of +6% profit (+148 pips): Another excellent classic trade.
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