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tradekev

GBPNZD up trend continuation ??

Long
British Pound / New Zealand Dollar (FX:GBPNZD)  
tradekev Updated   
FX:GBPNZD   British Pound / New Zealand Dollar
2
0
As we have a strong up trend I'm going to either enter at the .786 ret for a nice 2:1 RR or look for a valid reason for entry on the lower time frames if price enters my KILL ZONE !! My stops are placed at a 1.13 fib ext of the last leg. Good luck !!
Comment:
I had to adjusted my order entry to accommodate my 100 pip max stop loss. I've moved it down to just above (not drawn) the .618 fib from 29th low to todays high. this now meets my 100 pip rule.
I'm still predicting a move up as on the daily chart it broke and closed above two previous structure highs & has been in an up trend for some time.
Entry 1.7818 Stop 1.7725 & Target 1.8048
Comment:
Order never filled as i moved my entry to fit my stop loss rule. Now canceled for the weekend.
Order cancelled
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