GBPNZD (D1): Short Opportunity Beckons! Short

British Pound/New Zealand DollarFXCM

Description

⋅ Oct 14, 2018 3:11 PM

GBPNZD
Timeframe: Daily
Direction: Short

Cofluences:
- Top of Channel (Resistance)
- Overlapping of Overbought Stochastics
- Strong Bearish Candles
- Fundamental (Uncertainty of Brexit continues)

Entry: 2.0201
SL: 2.0554
TP1: 1.9675
TP 2:1.9158

Risk : -354 pips
Reward: +1043 pips
Risk/Reward: 1:2.94

May the pips move in our favour! Good luck! :D

Comment

⋅ Oct 17, 2018 1:00 PM

Heading down, hope you were in this trade with me!

Trade active

⋅ Oct 17, 2018 2:45 PM

Comment

⋅ Oct 19, 2018 1:54 PM

Move SL to 2.0195 to at least Breakeven and be prepared to lock in some profits when the price heads to TP1 levels.

Comment

⋅ Oct 24, 2018 5:00 AM

You can take profit on half of your trade. :D

Comment

⋅ Oct 25, 2018 1:45 PM

TP1 achieve, if you haven't lock in some profit, you should do it and move your SL to BE. This trade will then be risk free.