INITIAL THOUGHTS
Daily and Weekly are at the peak of uptrend. 4 hour MACD cross in downtrend. I think that the uptrend is shifting because of the 4 hour downtrend. I think they are hitting resistance points as well; didn't thoroughly check. 80 Pips Profit ($50) 40 Pips Stop ($25)
UPDATE
Trade was completely successful.
AFTER THOUGHTS
Good technique with using the lower time frame (4 hour) for the entry point and the swing in the trend.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-05-16 13:09:00 | EURNZD | sell | 1.6582 NZD | short |
2022-05-16 21:55:00 | EURNZD | buy | 1.6502 NZD | 0 |
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