OANDA:AUDNZD   Australian Dollar / New Zealand Dollar
Position: LONG
Entry Price: 1.07701
Take Profit: 1.08807(115 Pips)
Stop Loss: 1.07199 (46 Pips)
Risk / Reward: 1 : 2.5 (2%)

4HR Analysis:   EMA SUPPORT ( pin bar )
- Entry @ Fib .681

Daily Analysis:   trend line
- Daily closed above trend line (entry on retest) **Didn't wait for a confirmation on daily**

Weekly Analysis:   EMA (Strong support) - 2 pinbars
- Recent break - continuation ?

Result: LOSE 1:1

Comments:
Do you think my stop loss should've been placed below the last swing low? Maybe it was too tight, i opted for a bigger position size over security. We'll see where the pair continues to move.

Comments

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