EsotericTrader

GBPNZD Short

Education
EsotericTrader Updated   
FX:GBPNZD   British Pound / New Zealand Dollar
Technical Analysis: (Same Exact Setup As GA)
-Price broke below the MA aggressively
-Broke below purple zone which was previously a strong floor and now retesting
-Confluence between all three indicators

Emotions:
-I came into this setup a little late, I was eyeing this earlier in the morning and had it on my watch list but, I just saw this trade and am not getting to it pretty late. That is okay though because I am not rushing this trade. I have my limits set and if price comes back one more time I will be ready but if not at least the analysis was correct and validates that these setups are working.

**Currently not in the trade as I was writing this and probably will not enter due to the volume of price being pushed down**
Comment:
The 62% entry was just triggered
Comment:
Both pending orders were activated, but we were stopped out by about 1-2 pips on the wick that got us in. It is unfortunate, but nonetheless we learn how to avoid that for next time and capitalize on the next opportunity
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.