It didn’t look like much was moving this morning when I did RSW, but CAD looked weak and if equities gained strength, NZD looked like it was ready to break out soon. I didn’t look to trade this initially, but the other option I had fell through.
I looked at this chart later in the morning and it was bouncing off of a small pullback on the hourly chart and appeared to be pushing up. I ran the numbers and there was a decent 1.5 R:R, so I set an entry order.
Entry – 0.87818
Not too long after setting my entry order, price pushed up and triggered me into the trade.
| Entry Order Level |
|---|
| 0.87818 |
| Stop Loss Level |
| 0.875 |
| Target Level |
| 0.8825 |
Exit – 0.88171
Looking at TradingView, I thought this pushed down and stopped me out on Thursday. Friday morning, when I went to calculate my loss, I saw that it didn’t push that far down in IB, and my exit wasn’t triggered. I held on through the day with nothing happening, and decided to hold through the weekend. I monitored most of the day Sunday, but there was little to no movement, so I went to bed.
I woke up a little before 6 this morning, and checked in on it and saw that it was up, had touched my target and was pulling back slightly. Since it was so close to my target, I went a little more aggressive and started following the SAR on the 15 min. chart. I went back to sleep, woke up about an hour later and moved my stop a little more. It wasn’t too long after that, though that price pulled back and eventually hit my stop loss, but for a nice 35 pip gain.
