EURNZD Weekly hidden bullish divergence & double bottom
EURNZD appears to be forming a weekly double bottom and showing a clear amount of hidden bullish divergence. if we drop down to the daily we can see a daily inside bar (DIB) has formed and remains unbroken after the weekend (no major gaps that broke anything etc)
If we apply a breakout strategy to the inside bar and applying a pattern ( double bottom ) to give a directional bias i am placing a BUYSTOP entry order above the DIB with a stoploss below.
this yields a stop loss of around 130 - 140 pips which is a little more than i like to risk, so i am reducing my lotsize accordingly to keep designated risk in check. for me this means i am using 3/4 or 75% of my usual lotsize.
If we apply the same to the stoploss and take 75% of 140pips which is comparable to 105pips risk at the full lotsize. for me personally this is on the higher end of a stoploss for this strategy and i find anything over 100pips risk generally isnt worth trading due to skewed rewards.
If we apply a breakout strategy to the inside bar and applying a pattern ( double bottom ) to give a directional bias i am placing a BUYSTOP entry order above the DIB with a stoploss below.
this yields a stop loss of around 130 - 140 pips which is a little more than i like to risk, so i am reducing my lotsize accordingly to keep designated risk in check. for me this means i am using 3/4 or 75% of my usual lotsize.
If we apply the same to the stoploss and take 75% of 140pips which is comparable to 105pips risk at the full lotsize. for me personally this is on the higher end of a stoploss for this strategy and i find anything over 100pips risk generally isnt worth trading due to skewed rewards.
取消訂單
sitting this one out due to unfilled weekend gap lower. order has not triggered and has been removed until further price action can be reviewed.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。