EURNZD Trade on May 16, 2022 13:09 from Ninjon: Tradervue User Stock Trades.

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Ninjon

 

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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