LeoYao
Long

Follower Query GBPNZD Short Term Trade Planning

FX:GBPNZD   British Pound/New Zealand Dollar
1094 19 27
The same follower also asked me regarding the short term of GBPNZD             trade also.
Here are the suggestions which might give you an earlier entry zone, green zone.

Red lines are short term TPs. For even higher TP, you need to check my another idea regarding Long term trade plan for GBPNZD             .
Comment: Almost hit green zone. Do not hush to enter. Pay more patience.
Comment: Touch the zone and trade active around 2.07, highest hit almost 2.12, almost 500 pips
Comment: Hope u have moved ur SL to entry price. I only took 1/5 position profit and SL to entry level
Hey leo, had a couple of questions regarding this trade
1) is this considered a cypher even the the bc extended way over the 1.414
2) also should the entry be at the 786 retracement of the xa
This is how i looked and traded this pair at the same time as you but i had a different view at that time
gbpnzd mutliple fib confluence

The reason i am asking is cos i just started learning and trading with harmonics and i wanted to know if it was a valid pattern before it was trigged or stopped out since the ratios are not exactly perfect and even though they cant always be textbook perfect some were off especially the BC
I am just trying to figure out and create a ratio of winnings to losing patterns so that is why im interested in this trade you took. It would be great if i could get any kind of feedback
Thanks
Reply
whats your short term forecast on this ?
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LeoYao Roncriss
I think I have another idea regarding this which is lower yellow zone. And it seems it already got support on the slash line in this idea.
Reply
Thanks LeoYao
Reply
I think this one is not valid anymore? your comment Leo?
Reply
LeoYao Roncriss
Yes of course. Already break down the green zone
Reply
Hi Leo,

This one GBPNZD is coming back into the zone, Can I safely say that the idea is still good to long?
Reply
LeoYao EricDelacrausaz
Hi Eric, Yes, only when the zone is break out, then the idea fails.
Reply
Do we have a short term correction or this pair is reversing from here?
Reply
LeoYao Roncriss
It might be a short term correction to hit tp1
+1 Reply
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