NZDJPY [Long-IntraDay]
Updated
Long Intraday Setup:
- Trading within a pair of Daily S&R
- Zoom in to H1 to find rejection
- Pending order with breakout current H1 high get in to the trade
- No scaling for this trade
Setup Entry:
Execution Timeframe: H1
Analysis Timeframe: D1
Entry: 69.558
Stop: 69.36
TP1: 69.777
TP2: 70.216
- Trading within a pair of Daily S&R
- Zoom in to H1 to find rejection
- Pending order with breakout current H1 high get in to the trade
- No scaling for this trade
Setup Entry:
Execution Timeframe: H1
Analysis Timeframe: D1
Entry: 69.558
Stop: 69.36
TP1: 69.777
TP2: 70.216
Note
Zoom into M5 chasing 10 points above each bearish candle.Got a better entry @ 69.509 lesser risk better reward.
Note
Stopped outNote
Take away of this trade:- Too focus on counter trend trade, completely missed out over all downtrend.
- The price action around my entry does show rejection from a resistance.
- Moving forward unless it is clear range on Daily otherwise only look trade with the trend focus on slow down breakout and retest the breakout entry!
Trade closed: stop reached
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