TradingView
UnknownUnicorn772665
Oct 7, 2019 11:41 AM

GBPNZD Short Trade Setup *TREND & FIB COMBO* Short

British Pound/New Zealand DollarFXCM

Description

Bearish trendline holding strong with 3 rejections now. I will look to go short on the 4th touch of the TL around the 1.96420 area where the fib 0.786 retracement level also sits.

Stop loss comfortable above the TL and targeting a new lower low at 1.93200

Potential for nearly 6:1 RR

Comment

Awaiting price to reach my entry zone first.

Trade closed: target reached

TP1 reached
Comments
omar_chaudry
did you get in on this trade?
More