FX:GBPNZD British Pound/New Zealand Dollar
I have been following GBPNZD using the Panoptic method (@Ichimoku_Trader). Last week we broke the Critical Level ( CL ) without taking a trade and we are now . Other than the Weekly Panoptic Map there is also a Chico Span ( CS ) setup. So first we can trade the CS to the buy zone and then take the short to the target zone. For details on CS setup please look at this post by @Ichimoku_Trader He has many other educational materials detailing the Panoptic Method. Just click the educational tab.
Trade active: I have taken the CS long.
Trade closed manually: To update the trade. The first entry on the CS setup long was stopped out. I took the a second bounce of the CS and closed the trade on signs of weakness as indicated by the red arrow in the chart.
Order cancelled: The Sell Zone of the Weekly map was not reached. So the trade idea is cancelled.