4h sell of AUDNZD - chart explains it all. Price topped out at a strong supply zone. If you zoom out you'll see there is another supply zone above this one. Usually price likes to take out zones that are close to each other but I liked the setup anyway. If this goes against me I will cut it and wait.

Happy trading everyone!
Handel aktiv
Cut half of my position to limit my risk even further.

The market has not been kind to my strategy this week. If I limit my risk as much as I can, then I only need one good trade to get ahead for the week.

If you have issues with cutting your losers because you fear the trade will end up going your way, you can do what I do and cut a portion of your trade (a third, a half etc) That way you reduce your risk but still have the possibilityto make profits.

In this case, It's not going the way I want it to but it's still making lower lows and lower highs so I am keeping half.

Wish me luck!
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Rest of the trade out at BE.
Failed to make lower lows so I got out.

Since I cut half at a small loss earlier on, this trade ended up being an insignificant loss.

On to the next!
Trade stängt manuellt
Chart PatternsshortSupply Zone

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