tntsunrise
Long

GBPNZD DAILY REVERSAL SIGNAL:

FX:GBPNZD   British Pound/New Zealand Dollar
7887 49 98
GBPNZD             DAILY REVERSAL SIGNAL:

This Long Pin bar tells us GBPNZD             is going to have
a big reversal .

BUY GBPNZD             NOW
SL below the pin
Target : 1.9960
Trade closed: stop reached: BLACK SWAN EVENT
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Is this similar to GBPAUD doji?
+7 Reply
irshad4u58 BOOgiiee
I am even going to tell my children never ever trade Libra Pattern,
+6 Reply
tntsunrise TOP irshad4u58
sure. it's ur choice.
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OrangeTrader93 irshad4u58
Bahahahaha
+2 Reply
I'm in :)...on the 1D level it is a hammer candlestick.
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thanks
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Maybe buy on pull back?
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I am in, good luck all....
+1 Reply
On the 4hr chart a bullish harami candlestick has also formed. I'm in, however a falling pound does concern me. sl for me 1.7739.
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Great idea, had set and forget at $1.76 was stopped out. Didn't pay attention to $1.75 so missed out on it. Will take pull back and possible double bottom if it does happen. Thanks for sharing as always. Good luck all.
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Jack, be careful, on the 4h, there is a double top formed, price can go south now
+4 Reply
Thanks for this one. I got long around 1.7737 and have been looking at smaller time frames and trying to decide if i should stay in. If this is really a reversal, it's still got some distance to go.
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Learning more and more as i go along with you Jack, one day ill do your course, when i can afford it. Thanks Again
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Thanks jack....
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Dear Mr.Tntsunrise,
Thank you for the analysis; what do you think will or may be the news that would trigger such a rise in Gbp? i am kinda new and don't see much on the calendar...
Thank you much
+1 Reply
This pair is Volatile , just look at the spread , you should be careful , risk management is vital
just broke support @ 61.8 % Fib retracement , Momentum is still to the downside ,
+2 Reply
lower lows after the other; in a consecutive way; downtrend is not broken; pin bar is small; your move is not very likely!
+2 Reply
Not yet , Downtrend has not been broken , momentum loosing steam
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all in continue sell gbp
+1 Reply
Hey Jack, Any update, it seems like the downturn is not over yet as it is continuously making lower lows on daily basis. I am already long in this.
+1 Reply
no need to update , SL is not hit.
+1 Reply
danrindia tntsunrise
Thanks Jack for the update. Was just curious about the trade as its my first trade in forex..
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TheBossHoss tntsunrise
What is going to be your update if SL is hit? Just for curiosity...
+4 Reply
shooting for the stars are we ?
+3 Reply
Jor4hub tanner5
Lol
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Wtf
+1 Reply
What a drop...
+2 Reply
Gbp Usd !!!
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What happened to GBP??
+1 Reply
Good question. I'm not home and on my phone and wondering myself
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France told Britain to shit on the pot or get off. Brexit means Brexit.
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watsonzou26 OrangeTrader93
The last shake-down monkey...
+1 Reply
what do you mean with black swan event?

https://www.poundsterlinglive.com/gbp-live-today/5558-gbp-to-eur-and-usd-manufacturing-production
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Going against major trend is very risky, especially pound
+2 Reply
i doubt that brokers honored stops, spreads on gbp reached 70 pips plus the first few seconds
+1 Reply
papapa
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That's really hard to prevent such fake suddenly fall...
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What is BLACK SWAN EVENT? it is my first time that I am hearing. I just think that it was a very big manipulation
+1 Reply
now thats reversal candle if i ever saw one!!
+2 Reply
Trendhopper Trendhopper
but in this case its a marker for where price is headed...buying GBP right now is financial suicide
+1 Reply
Flash Crash
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Anyone experience mass slippage? If you don't mind sharing by how much? Mine was bad lets just put it that way. I've got a formal request with broker to audit because my trading partner both same entry same stop and it was trigger accurately. Mine not so much. Just wondering trying to compare notes or brokers that's all. Dealing with it at the moment.
+1 Reply
Jor4hub 33788
Friend lost 12k with ig stop didn't work :/ probably won't get his money back....
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33788 Jor4hub
Let's just say I'm not to far up from your friend myself. My partner stop side by side trading with him triggered -60 pips, mine lets just say multiple that by 18 times :-( . Broker looking into it ATM, good luck to your friend. Hope he can recover timely.
+1 Reply
Jor4hub 33788
Yeh I personally lost 2k on this idea! Hopefully next week will be better.. as recently been terrible lol
Good luck
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I was not in a trade at the time of the crash, but my spread meter on GBPUSD chart was reading 70 - 80 pips for the first few second before it starts shrinking
+1 Reply
Hello Jack.I hope you are ok with sudden crash of gbp.. really sad situation.
+1 Reply
Soros is smiling now . He predicted GBp falling down 15-25%. He is laughing at us now. Somebody should slap him :)
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eyeshot VictorVJJustice
With GBP it's clear was happened! It was a fake game among the banks, in the same second with large volume beaten. They determine TP-level in advance. Only so then can earn millions in a short time. First they go short and then several hundred pips long. After ferris game they get off quickly and leave the market to the ordinary traders till to the next time they reunite again.
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