GBPNZD long trade base on Wyckoff VSA principle.
Pre-Analysis:-
- Climactic volume & wide spread bar as marked with arrow.
- Price broke high of wide spread bar 2 times. 2nd time it test high of wide spread bar.
- Price hold at high of wide spread bar.
- Entry could be at no supply bar that show success test.
Entry:-
- No supply bar with success test appear, entry after success test bar.
- Entry price: 1.94802
- Time: 1:00pm
- Position Size: 0.47
- Risk: 1%
- Stop: 1.94592 (21 pips)
Post Analysis:-
- Exit at 1.95476 (4:35pm) (67 pips)
- Roughly 3.19R profit
- Exit made out of fear, fear of price might drop back.
- Proper exit need to be execute. No indicator sign of weakness appear therefore trade should not close at that time.
- Should trade be carry foreword potential of 4.77R profit can be made.
