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FX333
Nov 13, 2020 9:47 AM

EURNZD Short Idea Short

Euro Fx/New Zealand DollarFXCM

Description

EURNZD Short Idea

Trade active

Sell Stop initiated 1.73223. Trade active as of 09:45 AM

Trade active

10:05 AM - 15pips towards TP, 50% of the way there.

Comment

Expecting TP to hit in the next 2hours. So trade should close by midday.

Trade active

10:13 AM - About 16pips toward TP. Little bit of a retrace going on. Absolutely normal to let the trade breathe. Just be patient.

Trade active

10:25 AM - Price retraced all the way back to entry, and came back down to around 16pips TP now. Absolutely normal for market to keep retracing as it heads towards TP.

Comment

10:44 AM - Current price at 18pip TP. Can adjust TP to 20 pips if you want to play it safe, or let it run to the original TP of 30 pips.

Comment

10:47 AM - TP 20pips reached now. If you're running for 30 pips, set trade to break even to play it safe. It price does retrace back to entry, do not re-enter as it will be too risky at this point.

Trade closed: target reached

10:55 AM - Trade closed at 30pips take profit.
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