If you look at the chart - (in hindsight) it did have higher to travel and make contact with the diagonal trend line which it previously broke through, now has retested that trend line overnight and i now think will travel lower.
Same rules as the related trade idea below (EURNZD 5 to 1)
Thanks for looking at my trade idea
Duncan
Trade active
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Hello all, just to update you, this trade is still active for me, it just shows it is closed on trading view, my spread did not hit the stop loss position. I do now expect this to drop lower.
Trade active
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Hello All Just to update you, after the pull back yesterday, I closed half my position and then extended my stop loss back above the previous swing high. (this meant my total risk remained the same) - although I took a loss on half of the position at the time. I am happy with my analysis in that I am expecting this to go down and therefore maintained a proportion of the trade open. This has now started to cycle lower and I am nearly now back to break even.
Trade closed manually
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HI All Trade closed at break even once price bounced off new support and came back to entry point. Stop adjusted to cover for daily swap costs.
Thanks for the new setup Mate.. :-) I was in initial trade which got stopped out (Took a small loss) but surely a great setup if this one plays out as planned. Cheers
UnknownUnicorn483829
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@4XHunter, Hi, over the coming weeks, i will put up some content on my thoughts about trading etc, as it is important that you trade to your own trading plan, if my ideas match your view and you want to use it as confluence, then that can be an option for you. cheers for the comments.