NZDUSD H1 Trade Analysis

2015-12-24 19_32_55-NZDUSD,H1

NZDUSD H1 Trade analysis:

  1. At the time of entry background was strong – background didn’t have time to turn weak and it is wrong to go short in this case
  2. Weak signal (Minor Supply) before trend changed (moreover this signal appeared near mid-term resistance) – this is a correct setup for a short trade.
  3. Entry after dynamic trend turned red – it is o’k (the best way to open trade in a low volume up-bar while the price is not far from market turn). It is better to place stop-loss above resistance (in our case it is below – not o’k).
  4. Trade has to be immediately closed after two Minor Demand or Demand, Major Demand signals, because there is a big chance that prices will turn direction after this signal. Reversal signal also confirms market turn in this place.




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