Directional bias on daily and weekly time frame
Monthly time frame has broken out above monthly down trend line
NZD is a strength story - CHF is a weakness story
Monthly time frame has broken out above monthly down trend line
NZD is a strength story - CHF is a weakness story
Trade closed manually:
didn't take opportunity to get out when I saw the trade was no longer valid
closed trade 0.6492 -30.82 LOSS
closed trade 0.6492 -30.82 LOSS
Comment:
It has gone back to my entry and is now in a profit.
Better management - getting out earlier or if I decide to stay in I need to be prepared to buy the correction or wait it out.
The weekly and the Monthly are in uptrends, which supports the idea of buying on the OS correction
Better management - getting out earlier or if I decide to stay in I need to be prepared to buy the correction or wait it out.
The weekly and the Monthly are in uptrends, which supports the idea of buying on the OS correction
Swiss franc has been really strong too - this pair has flipped it's strength and weakness story.
Had to opportunity to get out at $10 profit but I decided to stay in the trade to see where it would go and now I regret that. Once the set up is over I need to get out, hanging on is what destroys me