NZDCAD long trade on 15 Nov. 2021
Pre Analysis:-
- Possible sign of strength at the bottom of chart as shown above. This is hourly chart.
- Price went up above trigger number and hovering there since previous 2 trading day.
- Plan to go long for this with further sign of strength possibly on 15 minutes chart.
Entry:-
- There was a test on down bar with low volume. The test was successful and price still above trigger number.
- This also supported by trending system chart that shows an uptrend.
- Time of entry : (3:41pm)
- Position Size: 1.39 lot
- Risk: 1% ($100)
- Target: 0.8859 (approx. 2R)
- Trade went up as expected.
- Max potential profit 2.88R
- My profit was $153.06
- I did not wait until trade hit my pre define target as I want to lock all profit to ease some pressure of previous drawdown.
- Trading is pressuring business, I admit it.
