NZDUSD - Adjusted position
Diupdate
I've not been posting as many of my trades recently. I've adjusted my position in this trade since opening it last Thursday to manage risk, limited loss, and allow flexibility to increase position size if the opportunity presents itself. I've kept my SL the same as when I originally opened it. When I opened the original position, I liked going short NZDUSD, but the entry point was less than desirable. I often will enter a very small position when I want to be in a trade, but the entry point is questionable. I'm able to make adjustments and add to position if and when the entry is more favorable, or more confirmation exists.
Soon after entering the trade, price failed to break support and returned to bullish to retest resistance area. Unfortunately no strong rejection at resistance area.
Even though we haven't had any sustain bearish price action, I did enter limit orders close to my SL simply due to the R/R. My original entry (short) position was .66506, but after my limit orders were executed, my current combined entry is @ .6692.
Adjusted short entry @ .6692; SL@.6730
Because of the adjustments, I've made my primary TP less aggressive @ .6585 because even though it is significantly reduced, due to my adjustments, potential gains have been greatly amplified.
1M:
Last month didn't end with a very bearish candle. This month's candle shows the bears have had difficulty maintaining the control they had at the beginning of the month.
1W:
At this time, while the down trend (on weekly) is being tested, it is still in tack.
1D;
Soon after entering the trade, price failed to break support and returned to bullish to retest resistance area. Unfortunately no strong rejection at resistance area.
Even though we haven't had any sustain bearish price action, I did enter limit orders close to my SL simply due to the R/R. My original entry (short) position was .66506, but after my limit orders were executed, my current combined entry is @ .6692.
Adjusted short entry @ .6692; SL@.6730
Because of the adjustments, I've made my primary TP less aggressive @ .6585 because even though it is significantly reduced, due to my adjustments, potential gains have been greatly amplified.
1M:
Last month didn't end with a very bearish candle. This month's candle shows the bears have had difficulty maintaining the control they had at the beginning of the month.
1W:
At this time, while the down trend (on weekly) is being tested, it is still in tack.
1D;
Trading ditutup: target tercapai
TP reached. .65697 took profits.Catatan
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