Wednesday 12 June 2013

10/06/2013 NZD/JPY Short (Loss)



Another FTB setup off the H4 timeframe. Here's my entry chart (click to enlarge). Risk was 0.5%.






and here is the exit chart showing price going up and taking out my stop. 



Analysis: Visually, the supply area I traded doesn't look great. There's another one just above that is much more well defined and as you can see, price hit that area and then went down. Easier said with hindsight I know. 


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