What made you choose GBPNZD? Also, would you mind please posting your strategy in this thread also so we don’t have to go searching for your other journal?
Looking forward to following your journal entries.
I could kick myself many times. The analysis was good, The trade went to TP, but a poorly set stop resulted in loss. My stop should have been below structure.
Lesson noted.
I now have two positions running. An additional short position was taken at 1.9902 based on the H1 rejection of the zone. I have also marked the 4Hour zones and will be taking profit on my first position as planned and on my second position at the lower zone as price movement permits.
I am anticipating that the current 4 hour bar will break through and close below the upper 4 Hour zone, then we will see a rejection of this zone to allow for price to fall to the Lower 4 Hour Zone. All going as analysed, I will take another short position on that rejection.
So this journal entry I don’t know if I should laugh about or be mad about, but it certainly tells me much about my broker, EagleFX. I will wait for them to explain or resolve.
I cannot tell you why my TP was not filled. The spread on this pair is about 3 piops.
My second trade plan fort today. Basically, continuing from my previous trade plan. Only awaiting bar close and return to the 4Hour Zone OR if there is rejection at the current 1H Zone, I will short.