Long NZDUSD (-22,-22)
When first designed this trade looked like a good set up however by the time it was taken the situation had changed. The NZD looked weak across the board reducing the chance of success, as a result of that analysis I moved the stop up to 22 pips, it was near 100 pips.
The trade missed its target by less than 1 pip before reversing, in hindsight I should have closed it at that point before it ran to ake a small loss. Money management rules helped with this trade, I risk 2% of equity with each trade and as 2% represented the original 100 pips the loss was actually less than 0.5%.
The red line on the chart was the target.
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