GBPNZD Short
Updated
Technical Analysis: (Same Exact Setup As GA)
-Price broke below the MA aggressively
-Broke below purple zone which was previously a strong floor and now retesting
-Confluence between all three indicators
Emotions:
-I came into this setup a little late, I was eyeing this earlier in the morning and had it on my watch list but, I just saw this trade and am not getting to it pretty late. That is okay though because I am not rushing this trade. I have my limits set and if price comes back one more time I will be ready but if not at least the analysis was correct and validates that these setups are working.
**Currently not in the trade as I was writing this and probably will not enter due to the volume of price being pushed down**
-Price broke below the MA aggressively
-Broke below purple zone which was previously a strong floor and now retesting
-Confluence between all three indicators
Emotions:
-I came into this setup a little late, I was eyeing this earlier in the morning and had it on my watch list but, I just saw this trade and am not getting to it pretty late. That is okay though because I am not rushing this trade. I have my limits set and if price comes back one more time I will be ready but if not at least the analysis was correct and validates that these setups are working.
**Currently not in the trade as I was writing this and probably will not enter due to the volume of price being pushed down**
Note
The 62% entry was just triggeredNote
Both pending orders were activated, but we were stopped out by about 1-2 pips on the wick that got us in. It is unfortunate, but nonetheless we learn how to avoid that for next time and capitalize on the next opportunity
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