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VSA_Alex

GBPNZD 2 fib opportunities a long and a short

British Pound / New Zealand Dollar (OANDA:GBPNZD)  
VSA_Alex Updated   
OANDA:GBPNZD   British Pound / New Zealand Dollar
Fibonacci market trend GBPNZD retracement 15min daytrade ajdaytradr tradesetup riskreward
2
0
fibonacci market trend gbpnzd retracement 15min daytrade ajdaytradr tradesetup riskreward
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Sell zone no longer valid as the price action retraced to the 38.2%.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
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