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DLavrov
21 kwi 2016 12:10

Flat-trading strategy Long

Euro Fx/New Zealand DollarFXCM

Opis

It is a good time to try flat-trading strategy. Price bounced from Support Line and at the same time from Bollinger Bands. RSI and MACD confirms reversal. The other thing we should take into consideration - DMI indicator, where ADX should be below level 20. We meet all conditions for opening Long position with Targets - MA 20 and Bollinger Band.

Transakcja zamknięta: osiągnięto wyznaczony cel

Profit Level 1 was reached, after that we could place our stop order higher then Entry Level. As for Profit Level 2 - it's long term target and we have to follow the market conditions and if price reverses from middle line of Bollinger Bands, it's better to close the rest part of the trade.
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