RA-AH

Long GBPNZD 15 Jun'23

Long
RA-AH Updated   
PEPPERSTONE:GBPNZD   British Pound / New Zealand Dollar
Risk control is ok; not obvious, but explicit run-through of logic increased confidence

Clear signs of trap presence to support the buys

Location is near the buyers area

Liquidity flow sees genuine signs of rollover in favor of the move and no reliable opposing reversal structure. It is also in-line with the broader flow on a HTF

Trade is not taken near major news event
Trade closed manually:
Closed manually at 2.0542

Trade is working but cut early as I got lost confidence in the slow grind

The broader idea was still valid. For this kind of trade, some waiting was required.
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