Disclaimer: Updating on 3/8
Looking at the baskets this morning, NZD was up, had taken out some resistance and was basing. Conversely, JPY was down, had taken out some support and was also basing.
When I got to this chart price had been pushing up, and it almost looked like I might’ve missed the trade. There was a nice base, but price was at the top if not pushing through the top of the base. I ran the numbers, though, and liked what I saw, so I set an entry order.
Entry – 78.31
Exit – 78.89
Price pushed in my favor almost immediately, and after a couple of hours had a nice spike up toward my take profit. I ended up taking off my take profit because I was monitoring the trade and moving my stop loss at the same time. I ended up going to bed in a nice profit, with my stop also in profit, feeling good. When I woke up, price had pushed a little higher, but was pulling back at the time. The most recent SAR was sitting at my TP level, so I moved my stop to there. Shortly after, price did hit my stop loss but it was at my TP level for a great win.
