GBPNZD Panoptic Weekly Map 8 to 12 August 2016

Continuing with the Panoptic Weekly Maps of the GBPNZD (@Ichimoku_Trader). We see some divergence on the 'AO indicating a retrace at the start of the week. We will be looking for price to reach the sell zone and level one signal to go short back to the median line of the Pitchfork.

Trade active:

Comment:

TP1 reached. Trail stop and looking for price to reach the median line.

Comment:

The TP2 point has been reached but I manually moved the TP2 to the 50% Lower Median line as the NZD is showing significant strength. With the GBP starting to show some strength I will now start looking for signs of manually close the trade. Stop moved to above the previous high.

Trade closed: target reached:

The TP2 was reached as price spiked to the lower median line.