AJDayTradr

GBPNZD 2 fib opportunities a long and a short

OANDA:GBPNZD   British Pound / New Zealand Dollar
Going to play either a momentum long move with a 61.8% retracement , or will be short the market at the 127% extension. Planning to let the market decide where it wants to go and take a good RR. Both trades are over 3:1 risk reward:
LONG @ 1.7740
S/L @ 1.7594
TARGET @ 1.8150

SHORT @ 1.8030
S/L @ 1.8105
TARGET @ 1.7820
Comment: Sell zone no longer valid as the price action retraced to the 38.2%. the buy zone is still valid
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out