Pending orders are great when you may have a bust day or week.
I’ve placed two pending orders at my estimation zone because NZDCHF is in a strong uptrend on the daily timeframe.
Trade 1 entry: 0.63856
TP:0.64720
SL:0.63215
Trade 2 entry: 0.63856
TP: 0.65215
SL:0.63215
Once price touches the entry price I’ll automatically be triggered into the trade. This will eliminate my time having to seek an entry on this pair had price follow my analysis.
What can void this is if price continues pass the higher high before pulling back.
I’ve placed two pending orders at my estimation zone because NZDCHF is in a strong uptrend on the daily timeframe.
Trade 1 entry: 0.63856
TP:0.64720
SL:0.63215
Trade 2 entry: 0.63856
TP: 0.65215
SL:0.63215
Once price touches the entry price I’ll automatically be triggered into the trade. This will eliminate my time having to seek an entry on this pair had price follow my analysis.
What can void this is if price continues pass the higher high before pulling back.
