As you can see to the average eye this may look like a sell opportunity on GN but to me it looks like a major buy, we have been stuck in a ranging market with GBPNZD for a month now and it seems to not want to break to the downside it keeps respecting a upwards channel to the upside, and from a daily timeframe view i have my trendline drawn and it is currently testing the daily trendline to then explode back to the upside.
My entry is 1.96203 Take profit 2.00253 Stop Loss 1.95572
This is a swing trade so I’m anticipating some drawdown But now we shall see how this plays out and will be holding this into next week
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Floating in profits daily trend line broken awaiting a retest to then move stop loss to entry
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so far playing out perfectly floating 200 pips in profit
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Closing at 200+ pips profit my bias is moving to a potential short position now
Trade closed manually
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ALL I GOT TO SAY IS WOW LMAO DECIDED TO CLOSE 11 HOURS AGO AND NEWS TOOK IT RIGHT TO MY TAKE PROFIT FOR 404 PIPS, OVRERALL STILL PROFITED 200 PIPS