NZD/USD - STRONG DOWNTREND - CONTINUATION BACK 0.55
Updated
ONLY ENTER IF YOU SEE BEARISH REVERSAL CANDLE IN SELL ZONE
DO NOT ENTER IF PRICE EXCEEDS SELL 0.60400
SELL LIMIT 1
LOOK TO SELL NZD/USD AT 0.59600
STOP LOSS: 20 PIPS
TAKE PROFIT 1 : 100 PIPS RISK TO REWARD 1:5
TAKE PROFIT 2 : 250 PIPS RISK TO REWARD 1:12
SELL LIMIT 2
LOOK TO SELL NZD/USD AT 0.60200
STOP LOSS:20 PIPS
TAKE PROFIT 1 : 120 PIPS RISK TO REWARD 1:6
TAKE PROFIT 2: 200 PIPS RISK TO REWARD 1:10
TAKE PROFIT 3: 400 PIPS RISK TO REWARD 1:20 (SWING TRADE )
LOOKING TO TAKE NZD/USD BACK TO PREVIOUS LOW 0.55
DO NOT ENTER IF PRICE EXCEEDS SELL 0.60400
SELL LIMIT 1
LOOK TO SELL NZD/USD AT 0.59600
STOP LOSS: 20 PIPS
TAKE PROFIT 1 : 100 PIPS RISK TO REWARD 1:5
TAKE PROFIT 2 : 250 PIPS RISK TO REWARD 1:12
SELL LIMIT 2
LOOK TO SELL NZD/USD AT 0.60200
STOP LOSS:20 PIPS
TAKE PROFIT 1 : 120 PIPS RISK TO REWARD 1:6
TAKE PROFIT 2: 200 PIPS RISK TO REWARD 1:10
TAKE PROFIT 3: 400 PIPS RISK TO REWARD 1:20 (SWING TRADE )
LOOKING TO TAKE NZD/USD BACK TO PREVIOUS LOW 0.55
Note
ENTER ON SELL LIMIT 2 SELLING AT THE BEST PRICE WE ARE COMING UP TO THE LEVEL
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