Nice potential setup. Waiting for some confirmation before entry.
As you know, GBP is extremely volatile right now, so major pips can be made in a matter of hours.
Technicals: Monthly rejection level at the supply handle @ 2.000. Double top formation. Lots of confluence on the technical side.
Fundamentals: BREXIT optimism may fade from Friday. NZD has been volatile recently due to the ongoing trade wars and BREXIT speculation, so we expect to see more of the same this week.
Great R:R, looking for it to reach the areas of liquidity.
As you know, GBP is extremely volatile right now, so major pips can be made in a matter of hours.
Technicals: Monthly rejection level at the supply handle @ 2.000. Double top formation. Lots of confluence on the technical side.
Fundamentals: BREXIT optimism may fade from Friday. NZD has been volatile recently due to the ongoing trade wars and BREXIT speculation, so we expect to see more of the same this week.
Great R:R, looking for it to reach the areas of liquidity.
Comment:
entered at 2.0034
Trade active
Comment:
stops are around 2.01 mark
Trade closed: stop reached