GBPNZD 15, fairytale or ugly duckling?
I have been developing my system since I learnt to trade in 2016. I'm finally confident enough to trade with real money. this is my first non-paper trade on this system. godspeed
we received a buy signal and started to build a case for entry:
stochastic was gaining momentum and wasn't overbought/sold.
we cleared minor resistance and it became support.
Price action: we had a healthy bullish engulfing candle to confirm the buy signal
stop-loss set at previous swing low, take profit set at 1:1,2
we received a buy signal and started to build a case for entry:
stochastic was gaining momentum and wasn't overbought/sold.
we cleared minor resistance and it became support.
Price action: we had a healthy bullish engulfing candle to confirm the buy signal
stop-loss set at previous swing low, take profit set at 1:1,2
Trade closed manually:
price began to lose momentum, specifically: we had a lower high and lower close and our stochastics appeared to be severely overbought so I got out at 2.03975 that we may live to fight another day.