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Roberto_C

GBPNZD: WEEKLY REVERSAL PATTERN

Long
British Pound / New Zealand Dollar (FX:GBPNZD)  
Roberto_C Updated   
FX:GBPNZD   British Pound / New Zealand Dollar
3
2
On Weekly time frame we can see a reversal pattern: Double Bottom . We can trade breakout of the level 1.7940(1.7950 with target 1.90https://uk.tradingview.com/chart/sFFiHnjR/
Comment:
BUY LIMIT: 1,7955
STOP: 1,77
TARGET: 1,90
Comment:
Order still valid until price is above the ema 21 on weekly timeframe
Comment:
Order triggered at 1,7955.
Comment:
In the last 2 weeks price went fast towards our target at 1.90. We can move stop loss from 1,77 to 1,8450 (Risk/reward: 1/2).
Comment:
stop profit reached yesterday at 1,8450. Trade close with 500 pips gain. Risk/reward 1/2. Not bad anyway.
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