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ubuntu62

NZD USD LONG SCALP ICT 2022 MENTORSHIP IDEA

Long
New Zealand Dollar / U.S. Dollar (OANDA:NZDUSD)  
ubuntu62 Updated   
OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
Chart Patterns
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chartpattern
Price has taken out previous days low and broken 5 minute market structure with displacement. Have set a buy limit order at 0.60090.
Should price not retrace to that price then no trade will be taken. Take profit set at 50% retracement level on fib.
Comment:
Buy Limit order has been activated at 0.60008. I have however lowered my stop loss to 0.59783 as I felt stop was a bit tight.
Comment:
first comment correction. Buy limit was set at 0.60008 not 0.60090.
Comment:
As the stop loss was lowered to 0.59783 earlier, the trade is still active. As this pair is in consolidation I will take partial profits at 10 pips profit to lower risk (0.60108). Taking partials can make or break a trader.
Comment:
2/3 of trade was closed at 10 pip profit. 1/3 left on to see if it will reach for TP.
Comment:
Stop loss raised to 0.59950
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