NZDJPY Long
Updated
Strategy: MA50 Pullback
Bought at the EMA50 pullback.
Entry: Would've been a better entry if I waited for a bullish confirmation, but the confluence of Golden Cross on daily timeframe let me enter the trade earlier.
Exit: Invalid if the price breaks EMA100
Confluence: Area of previous resistance is the same level as the EMA50 Pullback
Daily TF shows a Golden Cross between EMA50 and EMA100
Bought at the EMA50 pullback.
Entry: Would've been a better entry if I waited for a bullish confirmation, but the confluence of Golden Cross on daily timeframe let me enter the trade earlier.
Exit: Invalid if the price breaks EMA100
Confluence: Area of previous resistance is the same level as the EMA50 Pullback
Daily TF shows a Golden Cross between EMA50 and EMA100
Trade closed: stop reached
Stop Loss HitLESSON: Should have placed SL at previous swing low rather than the EMA100
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