Wicktator

Always Wait For Confirmations πŸ“š

FX:GBPNZD   British Pound / New Zealand Dollar
Those who win at the Forex game are those who are able to build on their case to take a trade, whether it be fibonacci, moving average, patterns etc. The more confluence, the better. This is why it is important to always wait for your confluences to line up before taking a trade.

For this particular trade, those who were waiting for the third touch of the upper resistance of the pattern, would've been stopped out if they had a tight stop loss. It would've been better to wait for more of your confirmations to line up so you can execute the trade knowing that there are more things on your side (other than chance!)

See below for the current GBPNZD set up.
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Comments

I like your comments on building the case for one’s trade, wise words.
100 coins
+1 Reply
winning with ease
+1 Reply
Wicktator PriceActionAnalyses
@PriceActionAnalyses, absolutely!
+1 Reply
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