EurNZD 2017 Plan

Follow the arrows, key levels for Shorts and Longs.
Optimum buy and hold around the green rectangle, but buying on every green dashed line is a good idea, as well as selling the reds.

İşlem aktif:

Pending order short opened @1.542, TP@1.45

İşlem kapandı: hedefe ulaştı:

Updating the forgotten chart

-Longs pending orders from @1.5123 and @1.489 are closed, target @1.543 hit.
-Short pending from @1.542 partial profit taken @1.510, the rest will close @1.45 or breakeven.
-Waiting for better place to add shorts, as long as the Orange trendline is not break.
Will post lower timeframe later.
Good luck

Yorum:

EURO as expected failed to break the @1.48 level and staying above it, the main plan is still Long but i will not risk buying now, will just wait for a clear break above @1.048.

The optimum buy and hold levels were not reached yet, my standard long order is divided and spreaded as following:
-50% are @1.4550 , @1.4500 , @1.4450 , @1.4400 and @1.4350 levels 10% each
-50% are @1.4300 , @1.4200 , @1.4100 , @1.4000 and @1.3900 levels 10% each

The price action may not open all the orders, which may minimize the normal profit, but using this strategy for the long term trades has proven its efficiency minimizing the overall swap costs, getting max profit from the spikes which hunts the stop loss leverls as well as dividing the risk and making the total order Stop loss much wider.

Good luck

İşlem aktif:

Keeping Longs from @1.515 .
Waiting for break above@1.55 or retest the broken trend line to add more longs.
Long pending orders between @1.50 to @1.44