AUDNZD Stable Uptrend Trend Continuation Trade
1. Weekly Uptrend
2. Strong bullish momentum candles
3. No important news in upcoming days
4. Price above 200 MA
5. Price above 2 MA's
6. Structure HH-HL-HH-HL
7. 2% Risk - 4 x 0,5% with different stop loss placements, same take profit.
8. R:R min. 1,5:1, max. 6,4:1
9. Exit on structure break/strong reverse momentum candle
10. EMA (34) Trailing Stop Loss if candle closes below
11. BUY/SELL Indicator Confirmation
12. Trend Following Indicator Confirmation
Important levels ahead: 1.10500 and 1.11000
Important news for AUD: Thursday (Balance of Trade)
I will scale out on levels if there is reaction, if not then Hold as long as my guts let me.
1. Weekly Uptrend
2. Strong bullish momentum candles
3. No important news in upcoming days
4. Price above 200 MA
5. Price above 2 MA's
6. Structure HH-HL-HH-HL
7. 2% Risk - 4 x 0,5% with different stop loss placements, same take profit.
8. R:R min. 1,5:1, max. 6,4:1
9. Exit on structure break/strong reverse momentum candle
10. EMA (34) Trailing Stop Loss if candle closes below
11. BUY/SELL Indicator Confirmation
12. Trend Following Indicator Confirmation
Important levels ahead: 1.10500 and 1.11000
Important news for AUD: Thursday (Balance of Trade)
I will scale out on levels if there is reaction, if not then Hold as long as my guts let me.