EURNZD potential long setup at demand
I've spotted 2 demand zones ( level on top of level) for EURNZD between 1.78258 and 1.78127 (first demand level) on the 1 hour chart. If price retraces to this zone, I'll be considering a long position.
My target is set at 1.79537 (first demand level price target), with a potential for a 6.4 R reward. That's 6.4 units of profit for every unit of risk.
I plan to exit the trade if there's a 1 hour candle closing below the demand zone number 2 (1.77957)
My target is set at 1.79537 (first demand level price target), with a potential for a 6.4 R reward. That's 6.4 units of profit for every unit of risk.
I plan to exit the trade if there's a 1 hour candle closing below the demand zone number 2 (1.77957)
Zlecenie aktywne:
Price did hit the 2 demand levels so i will be using as stop loss a candle close below 1.77957 and as target for exit i will be aiming for 1.78888. The risk profile is 3.7 R
Transakcja zakończona: osiągnięto poziom stop