Currency: GBPNZD
TimeFrame: 15 minutes, 3 minutes, 1 minutes
Catalyst: Support and Resistance, Trendline with Breakout
Type: Short
Buy Price: 2.08423
Sell Price: 2.08550
Stop Loss: 2.08550
Volume: 0.01
Profit: $1.25
Reason for Buying: My catalyst for this trade is to look for support and resistance and trade them if the price touch the support and resistance level(see the 1st chart). For this trade I look at the 5 minutes 3 minutes and 1 minute chart but on I choose on the 1 minute chart for the clarity of the trendline. When the trendline was broke that was my trigger to enter the trade. Lo and Behold I lost the trade because it touch my Stop Loss
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