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 bearish. Other than the Weekly Panoptic Map there is also a Chico Span (CS) setup. So first we can trade the CS pivot 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
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I have taken the CS long.
Trade closed manually
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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
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The Sell Zone of the Weekly map was not reached. So the trade idea is cancelled.
My pleasure. The CS setup works great. So please look at @Ichimoku_Traders educational material they area great.
ytadli
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any comment about this trade with the actual situation ? were stopped ?
SteynTrade
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Hi, I will update the post above. I traded the CS setup until price showed signs of weakness but I never took the entry down as price had not reached my sell zone.