Sell #NZDUSD Plan
First Entry was at 0.6800
Second Entry is pending order at 0.6811
Stop is at 0.6830
Target is at 0.6772
I have 5 reasons to sell NZDUSD for a daytrade.
1. Currency Strength Meter USD is strong NZD is Week
2. Trendline Support
3. Support Zone Intraday
4. Market Profile from yesterday
5. Bearish Divergence Signal
The Rules:
If second entry is activated then the target for first entry is at breakeven and the target for second entry is at main target
Also if the second entry is activated and price reaches the level of first entry then move stoploss of second entry to breakeven.
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The trading strategy is fully explained in video below/i]