magik
Long

GBPNZD - MAKE SOME MONEY

FX_IDC:GBPNZD   British Pound/New Zealand Dollar
30 1 2
Second only GBPNZD             looks to be in the EARLY stages of a powerfull multiyear uptrend. Just zoom out. In addition to the strong technicals there is a strong macro case story here about diverging economies. I'll spare you the lecture. I've been trying to get on board this rocket safely for a few weeks now.


Here's the plan:

I'm risking 10% of my free capital on this beast. It's a volatile pair and absolutly requires wide stops. Reduce your size to a level where you can afford to use wide stops, otherwise you are wasting your time and money. Let it run.

Entry: 2.3160

Stop loss: 2.2650

Trailing stop: 1200 pips. Let it run.

Target: 3.000


Change the stop loss to 2.25 - make it wider. Reduce the size and let it play.
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