In this trade, as you can see the trade was generally a good one, despite the fact that i was stopped out at break-even.
Original Trade (https://www.tradingview.com/chart/EURNZD/d6dypMB9-J-Trade-1-Counter-Bias-Short/)
So two main Takeaways from this trade is:
1- First target should be (5-10 pips)above the i highlighted in red.
Its a great practice to put you target level just above a when you are short, and just below resistance when you are long. In this case, i ignored this rule and wanted to enforce a better risk reward. If i did put my target above the it would be around 1.5705 and that could guaranteed first target of 145 pips profit.
2- A new short entry was confirmed by the four-hour (the candle that stopped me out), I should have re-entered shorting again... with a stop above this candle high and a target at 1.5700 are again.
Keep posted for more...
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Not sure if that answered your question.
I really like your work! Congratulations. R
These brokers that close activity at 21 GMT, in fact showed a big gap that does not occurred in tradingview chart based on fxcm data