Instrument:- GBPNZD
Position:- Long
Timeframe:- 1 Hour
Method:- Dow Theory + Candlesticks
Reason:-
Multiple bullish candlesticks ( Candlestick analysis)
Price in Uptrend with Multiple Higher highs and Higher Lows with no break in the uptrend (Dow theory)
Entry @ CMP (1.952)
Take Profit @ 1.96193
Stop loss @ 1.94880
RR:- 2:1
Position:- Long
Timeframe:- 1 Hour
Method:- Dow Theory + Candlesticks
Reason:-
Multiple bullish candlesticks ( Candlestick analysis)
Price in Uptrend with Multiple Higher highs and Higher Lows with no break in the uptrend (Dow theory)
Entry @ CMP (1.952)
Take Profit @ 1.96193
Stop loss @ 1.94880
RR:- 2:1
Trade closed: stop reached
Stop loss touched and trade was liquidated.Learning Outcome:-
Do not place stop loss to close to the HL levels.
Take a macro view of the market and then place SL.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.