Step 1. Identify the prevailing trend (in this case I think NZD CAD is headed lower)
Step 2. Try and put price into some sort of range (in terms of outer and lower limits) - Areas that wicks might get to.
Step 3. Look for opportunities where we can sell a rally but not be too aggressive.
Step 4. Find some confluence zones with Fib levels, Moving Averages and Trend Line resistance.
Step 5. Put our entries in.
In this case I am looking to sell a rally:
Entry 0.82832
TP : 0.82546
Stop: >0.83023
I usually aim for a 1.5 RRR and have a win rate hovering around 50-51%.
Step 2. Try and put price into some sort of range (in terms of outer and lower limits) - Areas that wicks might get to.
Step 3. Look for opportunities where we can sell a rally but not be too aggressive.
Step 4. Find some confluence zones with Fib levels, Moving Averages and Trend Line resistance.
Step 5. Put our entries in.
In this case I am looking to sell a rally:
Entry 0.82832
TP : 0.82546
Stop: >0.83023
I usually aim for a 1.5 RRR and have a win rate hovering around 50-51%.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.