We will be waiting to see how price reacts around the 4 hour 50EMA
If there is a rejection from here we will be watching the 1.4860 level to taking a sell position which would complete the right shoulder on the 4 hour time frame.
GBP USD Buy limit
we are aiming for an entry of 1.21100
with an overall goal of 1.22500 providing it hits entry.
at the 25-30 pip area you can move your stop loss to you entry any further updates sent privately
EUR AUD Sell
all updates on when stop loss will be moved to entry will be sent privately.
It is recommended to move your stop loss to entry upon +30 pips being hit.
Daily time frame-
Price has continued to move impulsively higher, going through all fib levels, resistance and previous daily high. This invalidating the daily bearish structure. We waited for pull...
GBP NZD buy
swing trade stop loss sand tp
will be moving stop loss to day trade level (on my page already) if the trade opens at a suitable zone on the trend line where the third touch will be closer to our entry.
after 30-40 pips we recommend trailing your stop loss to your entry
Potential Long position on GBP NZD. Awaiting third touch of TL before entry.
Entry price also key pivot area for this pair.
My stop loss will be sat 30 pips below my entry
TP1- +30 PIPS
TP2- +50 PIPS
TP3 sat around the 100 pip area but be aware that there is fairly high potential for this being a 150 pip move
Entered at previous rejection area. Using buy stop order (always wait for price action)
Trade now running risk free and 40% of the trade cashed also.
Potential of the 98.11 area being hit. This will be a key zone for either a continued move to the upside or for a rejection