Short NZDUSD
Setup Timeframe: 4H
Execution Timeframe: 4H (Order Set)
Risk: 2.77%
Reward: 8.23%
Reasons for Entry: Previous support zone broken, will now turn to resistance, so BRC situation. Setting entry at 50% fib level.
Reason for SL placement: Well above the 61.8% fin level, at the R1 level, and above the previous support zone that should act as resistance.
Reason for TP placement: At the -0.27% fib extension level.
Note: Idea came from Corey
Execution Timeframe: 4H (Order Set)
Risk: 2.77%
Reward: 8.23%
Reasons for Entry: Previous support zone broken, will now turn to resistance, so BRC situation. Setting entry at 50% fib level.
Reason for SL placement: Well above the 61.8% fin level, at the R1 level, and above the previous support zone that should act as resistance.
Reason for TP placement: At the -0.27% fib extension level.
Note: Idea came from Corey
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