TerryHarmonicTrading
Short

GBPNZD - Bearish Shark Completion

OANDA:GBPNZD   British Pound / New Zealand Dollar
497 16 13
I see a bearish shark completing on GBPNZD             .

The PRZ is at 1.8680.

This is a nice setup.

1. Selling volume the last time it came to this level (Black)
2. Retest with pin bar

I will enter if the next hourly candle closes weak with above average vol.

EP: Around 1.8680
SL: 1.8730 (50)
TP: 1.84
Trade active: Did not get in at the best price. 1.8640 was my entry.

Now in green for over 100 pips, covering my losses for the week.

TP very soon.

Who is with me?
Comment: Heading to sleep with my sl shifted to break-even.

Uncomfortable with the big green bar I am seeing. Good luck all.
Comment: I am not sure what happened to the overnight spreads. My SL at 1.8640 was hit when I was sleeping. Time to let this go and look for another trade idea. The take-away is always to take some profits off the table when it hits the XC 50% retracement. Lesson learned.
Order cancelled
Trade closed: stop reached: I am not sure what happened to the overnight spreads. My SL at 1.8640 was hit when I was sleeping. Time to let this go and look for another trade idea. The take-away is always to take some profits off the table when it hits the XC 50% retracement. Lesson learned. Trade closed at breakeven.
This was a good trade!
Reply
@smartstep78, thanks. But the huge spike upwards in gbp hit my SL, leaving me out at breakeven. I am still bearish on GBP next week though, will be sharing in my upcoming analysis.
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Nice trade, i got in at a very good price! Thanks @TerryHarmonicTrading!
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@MunaFX, Congrats.
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I am...Thanks a lot ;) And TP is still about 1.84 ?
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@Kimsy1980, Yup, I'm aiming 1.84.
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very nice mate!
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@jose, got on the ride too?
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jose TerryHarmonicTrading
@TerryHarmonicTrading, yes :-)
Thanks mate
(and thx Mr Carney)
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@jose, congrats. Looking forward to your ideas too!
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