NZD/USD LONG - Shooting Star/Bounce off Trendline
I have taken out a long trade, a shooting star has formed on the 4HR, price has bounced from the trend line and is also trending upwards.
TP @ 0.72157
SL @ 0.71247
R/R @ 2.13
TP @ 0.72157
SL @ 0.71247
R/R @ 2.13
Trade closed: target reached
Went in the direction of the trend so this made the probability higher of the trade, along with other confluences like the trend line and price action made this trade more solid. A good R/R, take out more trades in the direction of the trend with a good TP just below a resistance level.
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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.