NZDUSD short trade on 25/11/21
Pre-Analysis:-
- On higher timeframe, hourly NZDUSD trending down.
- Previously there is sign of weakness (SOW) upthrust appear. The next bar close lower (downbar) it confirm the SOW.
- Then price went lower and trending system start to show downtrend.
- Wait in lower timeframe, 15 minutes for further SOW before entering.
- NZD group of currencies also weak. Majority of it shows NZD weak.
Entry:-
- Finally SOW appear (no demand) at 2:45pm
- The next bar close lower (down bar) thus confirm SOW.
- Trade can be enter after the confirmation bar.
Post Analysis:-
- Price did drop but it took my stop first
- Other trade that can be profited was AUDNZD long trade
