Backtest USDZAR 2/20/19 8:00 am

• Valid Trade
  Daily candle was a bearish engulfing
  
• H4 structure was on an uptrend but failed 3 times to break monthly
  
• H1 structure downtrending with valid BOS,
  
• valid M30 BOS
  Confluence Monthly Resistance, H4 MAs, random line resistance
  
  Risk: H4 is consolidating, have to be less risk adverse
  Exit: Friday Market Close
  During the trade, there was a huge spike that normally would have blown my account
  It seems like it was because of news.
  

הערה:

Have to be extra cautious with countertrend trades. Need to take high pressure invalid breaks or 3 strikeout resistance. In this case, there was a monthly support confluence. I should enter after retest of random line resistance, not monthly support. Next time, if I go countertrend, I play 3 strike out or high pressure invalid break. If there was retest on a countertrend trade, I should be extra cautious and strict.