GBPNZD Support n Resistance 091019
Big move upwards is near.ing
Trading plan:
Watch out for POI1 and POI2 for the end of current retrace and an impulse to the upside.
We hope market can bring us to POI2 on current momentum for better confluence. Monitor PA for entry. 2nd confirmation comes after breaking yellow trendline.
Else, if market turns around at current support ie POI1, Monitor PA and enter on break and close above (or on PA after retest) of yellow trendline.
TP1 near previous highs.
TP2 at confluence of Fib127 and other resistances levels.
May the wave be on our side!
Trading plan:
Watch out for POI1 and POI2 for the end of current retrace and an impulse to the upside.
We hope market can bring us to POI2 on current momentum for better confluence. Monitor PA for entry. 2nd confirmation comes after breaking yellow trendline.
Else, if market turns around at current support ie POI1, Monitor PA and enter on break and close above (or on PA after retest) of yellow trendline.
TP1 near previous highs.
TP2 at confluence of Fib127 and other resistances levels.
May the wave be on our side!
Trade active:
Managed to enter a position on H4 retracement to daily pivot point (also our green line). TP1 hit for 370 pips. Small position still open to see it through to TP2. SL brought to breakeven.
Elliot's 5th wave is almost complete.
Elliot's 5th wave is almost complete.
Trade closed: target reached:
TP2 was hit. Looking forward to retracement pattern next.
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Please click 'Like' if you enjoyed this trade. Thanks!