Eur/Nzd (Still Waiting For A Reversal after getting stopped out

2019-12-01 19:41:38

Last week was very frustrating for me as I made some rookie mistakes "trying to pick tops and bottoms" and entering too early!
So as I keep going through this journey with everyone... I hope we can learn together and someone can get something from this.
My analysis is usually always correct but my timing is very bad!!! So this week I will be working on entries only!!!!!

Eur/Nzd … Im still looking for a buy. Im looking for another entry on the chart. My take profit will be the area you see and then that's it! This is the daily chart however so …
Can still get a whole lot of pips as we will probably be a buy for at least 3 days....

I will enter when the 4 hour candle moves above and closes... above the 20 hour Simple Moving Average!
My stop loss will be below the last daily candle (but not too far below)
My lot size will be soo small , as im trying to recover from last week's losses