Tradingwithtamil

NZDUSD: OUTER BAR IS READY TO ADD A BAR IN OUR PROFIT-BULLISH.

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Hi traders,

NZDUSD marked an engulfing pattern on a 4 hr time scale, one of the best technique to determine a trade is break out point.

In the chart, at 0.70367 the candles formed an impulse and brought the price range in sideways.

After the change in pattern formation, the signals travelled in trend as a baseline (shown in the graph).

Whenever the candles contacted the trend line , the price range felt down (shown in the graph).

Presently, the market printing candles at 0.67692

Due to the Outer bar formation, the signals have enough potential to break down the trend line .

By its record after the breakout, the signals will fly like sound sonic .

In case anything else happens, end the trade at previous support point 0.67437 it won’t be a loss for you.

Eyes on the chart, follow the move and decide our trade.



SIGNAL SPECIFICATION:

Pair: NZDUSD

Order: BUY

Entry: 0.67692

Take profit:0.68252

Stop loss:0.67437

Risk Vs Reward: 2.2

Our Unique Features:

1. Follow our 15 signals ….10% equity will increase in your account for sure.
2. We are not Trailing stop! or average the trades.
3. 2% Risk Management Per trade.
4. Risk vs Reward up to 1:7.
Note:
Trade signals would usually have a risk to reward ratio of 1:2.
It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit.
This allows you to be good in overall pips profit.
Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours.

Note: Everything works with Best money management.

Note: Please leave comments for any query.

Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.

Best
Forextamil
----------------------------------------------------------------------------------------

If you find it useful, hit the like and comment.
follow our updates for more profitable trades.
Trade closed: target reached: Like I
Comment: Like I said, due to the outer bar formation the market broke the trend and went like a supersonic to the top.

56 pips got up.


HAPPY TRADING.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.