Hi traders,
We had a very long range on the GBPNZD daily chart and we recently broke it. The arrow that is pointing on the last candle is the re-test candle, testing the previously broken area successfully.
I will open my trade on Monday and see where price will bring me :) On my first target, I will take out 50% of my profits EXCEPT price is showing strength. Target 2 is the last target as it is the same 'height' as the breakout area ... or distance, whatever you prefer to call it.
Have a happy weekend!
We had a very long range on the GBPNZD daily chart and we recently broke it. The arrow that is pointing on the last candle is the re-test candle, testing the previously broken area successfully.
I will open my trade on Monday and see where price will bring me :) On my first target, I will take out 50% of my profits EXCEPT price is showing strength. Target 2 is the last target as it is the same 'height' as the breakout area ... or distance, whatever you prefer to call it.
Have a happy weekend!