As you can see to the average eye this may look like a sell opportunity on GN but to me it looks like a major buy, we have been stuck in a ranging market with GBPNZD for a month now and it seems to not want to break to the downside it keeps respecting a upwards channel to the upside, and from a daily timeframe view i have my trendline drawn and it is currently testing the daily trendline to then explode back to the upside.
My entry is 1.96203
Take profit 2.00253
Stop Loss 1.95572
This is a swing trade so I’m anticipating some drawdown
But now we shall see how this plays out and will be holding this into next week
My entry is 1.96203
Take profit 2.00253
Stop Loss 1.95572
This is a swing trade so I’m anticipating some drawdown
But now we shall see how this plays out and will be holding this into next week
Comment:
Floating in profits daily trend line broken awaiting a retest to then move stop loss to entry
Comment:
so far playing out perfectly floating 200 pips in profit
Comment:
Closing at 200+ pips profit my bias is moving to a potential short position now
Trade closed manually
Comment:
ALL I GOT TO SAY IS WOW LMAO DECIDED TO CLOSE 11 HOURS AGO AND NEWS TOOK IT RIGHT TO MY TAKE PROFIT FOR 404 PIPS, OVRERALL STILL PROFITED 200 PIPS