TradingView
blameforextrades
May 4, 2019 2:03 AM

GBPNZD TRADE RECAP | +0.22% Short

British Pound/New Zealand DollarFXCM

Description

Initially, buyers were not able to push price above a value area high. That gives us a "bearish narrative" going into the session. Entry was a bit too early and as a result we were in the red for some time. But the bearish narrative was confirmed later on as buyers tried to break higher again but failed for a second time. This was confirmation to hold the trade and maybe we would see a break of support. Sure enough support broke and we took a 20 pip move, moved our stop to entry point and let the market take us out as buyers stepped in.
Comments
Eriknguyen
Never seen anyone post recaps of trades. Most people here post analysis before the move happens. Usually these kind of posts goes into the education section.
Eriknguyen
@Eriknguyen, but that's some nice profit overall
More