13 Mar 2022

11 Mar 2022: NZDCAD

 NZDCAD short trade on 11/3/22

Pre-Analysis:-

- Trade base on reversal trade, daily timeframe shows previous drop on this price level. I time my entry base on hourly chart.



Entry:-


Post Analysis:-


- Trade closed with profit.
- Feel confident before took this trade.
- I am aware of economic news release related to CAD on that day, so I prepared accordingly.
- Hope to find this kind of trade set up frequently.
- I closed trade before end of trading session to avoid holding a trade over the weekend, as it was a part of my trading plan.
- It maybe drop further, but I choose not to take anymore risk.