OANDA:EURNZD Euro / New Zealand Dollar
In this quick educational video, I will go over my 2 trades in EURNZD short. What was my analysis, management and thoughts on this run.
I will always start my analysis from the HTF, looking at what the price action is telling me will give me a better edge to enter higher probability setups. I want the HTF to be clear on the bias that I have on the direction.
Then, using multi-time frame analysis, looking at what the LTF is telling you. Is it showing you the same price action like the HTF bias ?
Wait for the market to give you the confirmation, i.e. continuation corrections, reversal price action structure, LTF impulses...etc that will give you the confidence to enter a trade.
Manage the trade accordingly, move the SL to BE in profits depending on the strategies and style.
Don't get emotional about the result of the trade, rather if you follow your plan, and you made the decision based on what the market and price action is telling you .
Then, repeat consistently for every month, year. :)