To open long positions for NZDUSD , it is required:
In this situation we are now waiting for a reversal to occur as we wait for Awesome Osci to go into positive territory alongside of our other system indicators to confirm trade entry confirmation for movement to the upside and but if the market trend continues to range this signal will become invalid. Market execution for entry, I will confirm signal once the conditions have been met.
Risk Description: Once signal is confirmed 60 pips will be up for grab with small risk SL at swing low.
Profit expectations: 1-2 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.
Current Dynamic S/R Levels:
Swing high: 0.68572
Swing Low: 0.68202
SCENARIO // IMPLUSE WAVE SETUP
UNCONFIRMED RECOMENDATION - LONG WHEN UPDATED ENTRY SIGNAL IS CONFIRMED
// AO INDICATOR HAS TO BE IN POSITIVE TERRITORY+0.001
ENTRY POINT - 0.683382
TAKE PROFIT - 0.686700
STOP LEVEL - 0.68240
STAGE5 TREND FILTER: BULLISH START SIGNAL