TRADE IDEA, SELL NZDUSD

SWING TRADING JOURNAL

Some people says, there is only small chance that this pair will go down

But, it is what it is, I will take my risk. I will put proper lot size for this trade

I'm bearish for NZDUSD and this is my plan

I will;
SELL NZDUSD as close as possible to the Red Line
SL ABOVE Red Line
Final TP at Blue Box

Manage this trade with your trading style, maybe you want to;
1. Close your position early (at 1R, 2R or any profit level)
2. Move your SL to break even
3. Scale out
4. Trailing stop
5. Re-entry if bearish structure still valid
6. etc

No Profit Guarantee, Good Luck!