USD was pushing down and sitting right on top of a pretty strong support area. NZD on the other hand I wasn’t looking at for a regular trade, I was going to entertain the idea of taking a trade on the daily chart, but when I got to the hourly chart it was in a nice bull pullback with a nearly 3 R:R. So, I set the order and it triggered pretty quickly.
Entry – 0.6934
| Entry Order Level |
|---|
| 0.6934 |
| Stop Loss Level |
| 0.6909 |
| Target Level |
| 0.70 |
Exit – 0.6908
Price pushed up a bit after triggering the trade, but only about 13 pips. It reversed from there all the way to stop me out.
