GBPNZD long trade on 8/6/23.
- Trend alignment to the upside confirm. This gave opportunity for a long trade.
- Trade on 5 minute timeframe.
- Entry time 9:45pm
11 Jun 2023
6 Jun 2023
5 June 2023: GBPNZD
GBPNZD short trade on 5/6/23
- Entry time 11:33am
- Risk 0.25%
- Exit plan, TP @ 2.044 for approx. 5R profit.
Post Analysis
- Stop out.
- Should set the stop a little bit higher, this will make this trade survive.
- Pay attention on where to place stop loss.
- Missed massive profit of max. 7R
3 Jun 2023
2 June 2023 (Trade Example): NZDUSD & GBPNZD
NZDUSD long trade on 2/6/23
- Entry time 10:00am (Asian trading session)
GBPNZD short trade on 2/6/23
- Entry time 10:00am ( Asian trading session)
- Note: this is counter trend trading.
2 Jun 2023
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