I like to pair with the Dollar Index and I feel like that will be bearish. If that's the case, then NZD USD should be bearish. I'm taking a demo trade on this as I've been studying institutional trading. Therefore, I plan to get more sharp on this. Right now price is trading up from a bullish orderblock. Hopefully it holds and continues up. I'll be collecting 10 pips on this trade and will take a 90%partial, break even on my SL, and then let it run from there. I have another trade in on a different pair that will be about 10 pips as well... Goal is 20 pips on the day! We'll see how it plays out. Proceed at your own risk.
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Main reason I took partials on this trade is because my other trade hit and the time is already 9am, so market will slow down in about 2 hrs. I sold USDCHF for 28 pips so I actually exceeded my goal today!
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A Better entry could have certainly warranted more pips... I got a late start when I looked at the charts this morning...
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stopped out at break even... Glad I got what i wanted out of this trade lol... Gonna be paper trading the rest to see if the target gets hit based on my original trade idea.
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Strong sell knocked out the paper trade. Not surprised since I was watching DXY sweep the lows on the 15 min chart. All good. This was only intended as a quick scalp. I always set my TPs very ambitiously wihth the intent of being ready to take partials and collapse the trade as soon asI hit my goals.
Trade closed: stop reached
Took partials at 10 pips!! Moved Stop loss to break even and took 99% profit.