NZDUSD short trade 20/12/22
Pre-Analysis
- NZDUSD 15 min chart got sign of weakness (SOW). Volume was ultra-high. Looking for a short trade.
- Entry
- Time of entry 5:15pm
- Risk 0.25%
Post-Analysis
- I scratched this trade with very small profits.
- Plan to swing this trade, but then during New York session price reverse back towards my entry.
- This made me think this trade will not work and decided to close.
- 2 options I can use, first move stop to breakeven (this trade may survive and will give benefit of swing trade). Second, I can be opted for a day trade, stop might be tighten and take profits at the recent low.
- I am changing my trading style to day trade after this, try to take profits at the region of 2R or 3R only instead of swing for bigger profits.
- Try to realize profits within the same trading day to boost confident.







