Double Bollinger Band End Of Day Trade

Last night I had put in the entry order for NZD/USD .

Double Bollinger Band Short Trade Set Up.

Look for Entry below the close of previous day going short.

Note:  The close of the previous candle should be piercing  inside the first bollinger band.
5 and 10 EMA in the right direction. 5 below the 10 EMA.

RSI is below 50.

Place your entry order at the close of the previous candle. 

Let the trade run for at least 24 hours

Stop Loss: 65

 

 

Exit :

You can exit in 3 different ways.

1) You can either let the trade run without a limit and trail your stop loss. This could make you up to 200 pips.

2) You can take a 60 pips exit ( 1:1 Reward: Risk Ratio)

3) You can put the limit to the previous low.

Hope this helps.

Forex Diva Bublee

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