AUDNZD Stable Uptrend Trend Continuation Trade
1. Weekly Uptrend
2. Strong bullish momentum candles
3. Important news coming on Thursday (Balance of Trade for AUD)
4. Price above 200 MA
5. Price above 2 MA's
6. Structure HH-HL-HH-HL
7. 2% Risk - 4 x 0,5% with different stop loss placements, same take profit.
8. R:R min. 2,55:1, max. 10,4:1
9. Exit on structure break/strong reverse momentum candle
10. EMA (34) Trailing Stop Loss if candle closes below
11. BUY/SELL Indicator Confirmation
12. Trend Following Indicator Confirmation
Important levels ahead: 1.10500 and 1.11000
I will scale out on levels if there is reaction, if not then Hold as long as my guts let me.
1. Weekly Uptrend
2. Strong bullish momentum candles
3. Important news coming on Thursday (Balance of Trade for AUD)
4. Price above 200 MA
5. Price above 2 MA's
6. Structure HH-HL-HH-HL
7. 2% Risk - 4 x 0,5% with different stop loss placements, same take profit.
8. R:R min. 2,55:1, max. 10,4:1
9. Exit on structure break/strong reverse momentum candle
10. EMA (34) Trailing Stop Loss if candle closes below
11. BUY/SELL Indicator Confirmation
12. Trend Following Indicator Confirmation
Important levels ahead: 1.10500 and 1.11000
I will scale out on levels if there is reaction, if not then Hold as long as my guts let me.