NZDUSD M15NZDUSD.M15 20160905.pngTechnical Analysis: 2 minor retracements completed with NO support level. Trade was not executed during its market hour.

Market Sentiment: Dollar may weaken further due to weak NFP data last Friday.

Execution: Take partial loss as price closed below the low of 2nd minor retracement.

Re-entry as 3rd minor retracement completed at support level 0.7296.

Full exit as price exhausted after breaking a little higher than previous swing high.

Learning: The 1st partial exit was good in order to cut loss and allow a possible re-entry at a better price.

The full exit, however, was too early and was technically not following the exit plan. A partial TP will be more recommended in this scenario.

Furthermore, the price has just broken above the previous swing high which signals for the price to gain further.