Greetings traders! Hope everyone is safe and sound.
Let's have a look at chart and prepare for upcoming week.
I still have my short position open from last week, which reached 1:3 RRR so far. Looking forward to short second time as price gave us more confirmation that pullback phase is over and we can continue sell NZD.
So when would I entry??
Well, price already formed new lower low, so as soon as price will form lower high and there is enough momentum, I will SHORT again.
This time using usual risk/lot size and securing firsts position profits by moving SL to profit zone.
Have a great trading week everyone!
Let's have a look at chart and prepare for upcoming week.
I still have my short position open from last week, which reached 1:3 RRR so far. Looking forward to short second time as price gave us more confirmation that pullback phase is over and we can continue sell NZD.
So when would I entry??
Well, price already formed new lower low, so as soon as price will form lower high and there is enough momentum, I will SHORT again.
This time using usual risk/lot size and securing firsts position profits by moving SL to profit zone.
Have a great trading week everyone!
Comment:
Position was closed break even (+10 pips).