13 Feb 2023

13 Feb 2023: NZDUSD

 NZDUSD long trade on 13/2/23

Pre-Analysis


Entry


- Time of entry 4:08pm
- Risk 0.25%
- Exit plan TP @ 0.64000 for approx. 2.8R

Post Analysis

- Scratch the trade for very small profits.
- Trade went up close to 1.5R profits but I did not close.
- Then on 14/2/23 there was news event related to NZD, inflation expectations q/q and price went down drastically, which finally hit breakeven.
- I should cash out, focus on one trading day only, it is very hard to trailing the profits.


- Price after I closed trade