GBPNZD - 2000 pip trade
Holy 2,000+ pip trade batman
The GBPNZD pair has a massive upswing potential, with little risk. And I’m just talking about a move to the center of the linear regression channel.
1. The weekly chart shows two hammer candles – with the current week showing strong buying from the lows. Massive buying actually – firm rejection lower so far.
2. The Chikou Span/Lagging Span is right near the bottom of the cloud – the probabilities of the Chikou Span just crossing below the bottom of the cloud on a weekly chart is very little, especially given that we’ve had 10 weeks down without any meaningful retracement.
3. YUGE bullish divergence that goes from July of 2017 to the present weekly low. It’s ridiculous.
This could be one of the biggest trades I’ve ever made – and the realistic target is 2,000 pips above and the risk is only 275 – I’ll take those odds. And it's very probable we trade higher than the center of the regression channel.
The GBPNZD pair has a massive upswing potential, with little risk. And I’m just talking about a move to the center of the linear regression channel.
1. The weekly chart shows two hammer candles – with the current week showing strong buying from the lows. Massive buying actually – firm rejection lower so far.
2. The Chikou Span/Lagging Span is right near the bottom of the cloud – the probabilities of the Chikou Span just crossing below the bottom of the cloud on a weekly chart is very little, especially given that we’ve had 10 weeks down without any meaningful retracement.
3. YUGE bullish divergence that goes from July of 2017 to the present weekly low. It’s ridiculous.
This could be one of the biggest trades I’ve ever made – and the realistic target is 2,000 pips above and the risk is only 275 – I’ll take those odds. And it's very probable we trade higher than the center of the regression channel.
Trade active:
Still active
Trade active:
Still active, profit taken just below the bottom of the regression channel - could have let it run more, slightly upset about that but I didn't chase! Adding on another pull back or breakout.
Trade active:
added at 1.8871, another weekly bounce off the bottom of the kumo
Trade active:
3/4 positions sold at bottom of regression channel @ 1.9494. Will add more if we break into the channel higher - on a retest.