SWING TRADING JOURNAL
Some people says, there is only small chance that this pair will go down
But, it is what it is, I will take my risk. I will put proper lot size for this trade
I'm bearish for NZDUSD and this is my plan
I will;
SELL NZDUSD as close as possible to the Red Line
SL ABOVE Red Line
Final TP at Blue Box
Manage this trade with your trading style, maybe you want to;
1. Close your position early (at 1R, 2R or any profit level)
2. Move your SL to break even
3. Scale out
4. Trailing stop
5. Re-entry if bearish structure still valid
6. etc
No Profit Guarantee, Good Luck!