NZD USD BUY

17 Haz 2016

Break and restest of the 50 EMA

Bounce off the pivot point

Bullish Engulfing

Upcoming news in NZ of consumer confidence could be a good boost or if negative could move the trade against us.

risk/ reward 1:2

Stop below 50EMA and Pivot point. TP just before R1 but will need to trade through some previous resistance level at .70800

risk .5%

Let me know your thoughts?

20 Haz 2016

İşlem kapandı: hedefe ulaştı

TP Hit - held for a day and a bit.

Came very close to hitting the SL before moving in our direction.

I was thinking of giving it a little more room but made it a tight SL. Lucky this moved in our direction - but the lesson learned is not to be greedy with the risk reward squeezing out the a couple of extra pips. Reduce stress - give your trade room to breath.