LeoYao
Long

Follower Query GBPNZD Short Term Trade Planning

FX:GBPNZD   British Pound/New Zealand Dollar
1094 19 27
6 months ago
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             .
6 months ago
Comment: Almost hit green zone. Do not hush to enter. Pay more patience.
6 months ago
Comment: Touch the zone and trade active around 2.07, highest hit almost 2.12, almost 500 pips
6 months ago
Comment: Hope u have moved ur SL to entry price. I only took 1/5 position profit and SL to entry level

Related Ideas

No7855
6 months ago
Harmonics do not feel this thing is tricky, too subjective.
Reply
LeoYao No7855
6 months ago
Hi, I cannot say you are wrong. And that is why we need SL. In the end, trading relies on experience/feeling/absolutely self-control. This would take time for all beginners.
Reply
No7855 LeoYao
6 months ago
I actually studied for some time, of course, there is the right time, but you do not find very often d point will be hit point x, the so-called exact point of sale does not exist, if that happens, I might x Jiancang point, of course, may not be successful, but will not loss, that was enough.
Reply
No7855 LeoYao
6 months ago
Like this, stop too big point.
Reply
No7855 No7855
6 months ago
snapshot
Reply
LeoYao No7855
6 months ago
If your SL pips are too many, the only thing for u is to reduce your lots. And different people may find different pattern, mine is different like yours. That is what I say, feeling and experience. I cannot say harmonic is always correct. Actually no techniques will be 100% accurate. Whatever, it's very good of you to think about your own idea rather than following other people's idea with closing your eyes.
Long then Short For GBPJPY
+1 Reply
No7855 LeoYao
6 months ago
Glad to discuss with you.
Reply
LeoYao No7855
6 months ago
U r welcome. Appreciate all different sounds which can make us be better.
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ooohnooo
6 months ago
curious whether this cypher pattern works or not since the B point is less than 0.386
lets wait n c
Reply
Roncriss
6 months ago
Do we have a short term correction or this pair is reversing from here?
Reply
LeoYao Roncriss
6 months ago
It might be a short term correction to hit tp1
+1 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
6 months ago
Hi Eric, Yes, only when the zone is break out, then the idea fails.
Reply
Roncriss
6 months ago
I think this one is not valid anymore? your comment Leo?
Reply
LeoYao Roncriss
6 months ago
Yes of course. Already break down the green zone
Reply
wali
6 months ago
Thanks LeoYao
Reply
Roncriss
6 months ago
whats your short term forecast on this ?
Reply
LeoYao Roncriss
6 months ago
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
Fxtoronto PRO
5 months ago
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
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