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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

 

 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.

Good Trading! Sanchaita.

 

 Do you Trade Bollinger Bands? What trading strategy do you use?

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