Disclaimer: Updating on 3/8
USD had pushed up this morning, taken out a resistance area and looked fairly strong. On the other hand, NZD had dropped a decent amount, took out some support, and was basing — looked like a good entry opportunity.
When I got to this chart it had a nice break of some support and had rallied back to just above that support level. I set an entry order to trigger if price broke that level to the downside again.
Entry – 0.71790
Exit – 0.72015
After triggering my entry into the trade, price just pushed up and up and up until it triggered my stop loss and stopped me out of the trade. Looking at it today (3/8) I don’t see much I did wrong here. Looks like one of those that I just lost.
