Another losing trade today unfortunately. Not a great one again but at least I don't have to say "if i'd let it run it would've hit the profit target"! It didn't even get close. Trading against the trade is probably the main reason for this one going wrong. Saw some volume on the hourly chart which to be honest probably wasn't high enough. The next bar was up so I thought this confirmed the buying. I took a buy on two no supply bars on the 20min chart. One of these was an even close bar and it turns out this was No Demand.
My account is now in the negative after this trade. Hopefully can earn it back over the rest of the week. Plenty of news announcements.
Cheers,
KFT
Trade 13 - NZD/USD (Kiwi) - Buy @ 0.7552 - Closed @ 0.7529 = -23
Kiwi 1hr
Kiwi 20min
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