EURNZD Short Idea
Trade active:
Sell Stop initiated 1.73223. Trade active as of 09:45 AM
Trade active:
10:05 AM - 15pips towards TP, 50% of the way there.
Comment:
Expecting TP to hit in the next 2hours. So trade should close by midday.
Trade active:
10:13 AM - About 16pips toward TP. Little bit of a retrace going on. Absolutely normal to let the trade breathe. Just be patient.
Trade active:
10:25 AM - Price retraced all the way back to entry, and came back down to around 16pips TP now. Absolutely normal for market to keep retracing as it heads towards TP.
Comment:
10:44 AM - Current price at 18pip TP. Can adjust TP to 20 pips if you want to play it safe, or let it run to the original TP of 30 pips.
Comment:
10:47 AM - TP 20pips reached now. If you're running for 30 pips, set trade to break even to play it safe. It price does retrace back to entry, do not re-enter as it will be too risky at this point.
Trade closed: target reached:
10:55 AM - Trade closed at 30pips take profit.