tradekev
Long

GBPNZD up trend continuation ??

FX:GBPNZD   British Pound / New Zealand Dollar
46 views
2
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

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out