Above 3 to 1 risk ratio
looking good, might want to trail stop loss to the bottom, if you want to squeeze every last penny, but make sure to secure some profits as the price makes the way down towards the TP I set
Ignore the stochastic, that is for something else :P
Have fun
JL
High probability trade with a trend line, a fib retracement and resistance line all lining up!
Twin trade
1 to the TP
2 trailing stop loss to the bottom
Wait for a retracement to the 0.5/0.618 zone to enter the trade to the downside.
Entry should be done within the area above, with a stop loss of 40 pips, slightly above the next Fib retracement area
3 TPs should be placed
TP1 at the 40 pip mark and then move the SL to breakeven on the other 3 entries
TP2 should be where it is indicated in the chart
TP3 should be...
OANDA:EURNZD
Short on structure break
If the price pulls back up to previous high, short from there instead (upper purple rectangle)
This trade will take a while to end
Look to add to position during consolidation periods/breakout to the downside
