The oversold Momentum Peak (2nd panel) gives a good bottoming signal while we get Reversal signals aswell (blue candles) followed by the valid Reversal (z) given this setup is quite profitable is fair to use over 2% equityrisk.
The SL can be a new Low or the low of the Blue Candle
The SL can be a new Low or the low of the Blue Candle
Note
Moving SL higherTrade closed: target reached
TP got hit - trying to looking for another Setup on NZDUSD
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.