AUDNZD Stable Uptrend Trend Continuation Trade 1. Weekly Uptrend 2. Strong bullish momentum candles 3. No important news in upcoming days 4. Price above 200 MA 5. Price above 2 MA's 6. Structure HH-HL-HH-HL 7. 2% Risk - 4 x 0,5% with different stop loss placements, same take profit. 8. R:R min. 1,5:1, max. 6,4:1 9. Exit on structure break/strong reverse momentum candle 10. EMA (34) Trailing Stop Loss if candle closes below 11. BUY/SELL Indicator Confirmation 12. Trend Following Indicator Confirmation
Important levels ahead: 1.10500 and 1.11000
Important news for AUD: Thursday (Balance of Trade)
I will scale out on levels if there is reaction, if not then Hold as long as my guts let me.