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laughingchartist

GBPNZD [1 week view]

Short
British Pound / New Zealand Dollar (OANDA:GBPNZD)  
laughingchartist Updated   
OANDA:GBPNZD   British Pound / New Zealand Dollar
Trend Analysis Chart Patterns Technical Indicators GBPNZD trading Forex Technical Analysis charting thelaughingchartist
3
0
trendanalysis chartpattern indicator gbpnzd trading forex technicalanalysis charting thelaughingchartist
Short GBPNZD
Entry: 1.91335
SL: 1.91750
TP: 1.8950

Simple and clean set up.
  • Market below EMA
  • Double top reversal pattern confirmed
  • Market reacting below descending trendline resistance
  • RSI below resistance and showing bearish divergence
Trade active:
Moved SL to break even
Trade closed: stop reached:
Market pulled back to SL.
Comment:
MARKET REACHED TARGET!!!!! crazy insane. But i didn't catch it due to the earlier pullback. Lesson learnt.
Comment:
Right analysis, right direction. At the end of the day, abit bummed i failed to catch all the pips but I did what I had to do and that was to follow my own trading rules blindly.
Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it? - Luke 14:28
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