Here we have a Signal from Trading Central. Due to the recent downtrend on the GBP (news based - BREXIT), It looks like there could be profit taking on the GBPNZD.
Enter the trade when you feel ready (current position 1.86940) The Take Profit 1 is currently set at 1.8847 which is a hefty distance, around 134 pips.
The Pivot is at 1.8633, I would recommend setting the SL at around 10 pips below that point. If the trade does go below the pivot then look to go short on this position and set the TP at 1.8506.
There is no data to be realised tonight or tomorrow (UTC), however the marker could be less volatile due to being Thanks Giving (Bank Holiday) in the US.
Enter the trade when you feel ready (current position 1.86940) The Take Profit 1 is currently set at 1.8847 which is a hefty distance, around 134 pips.
The Pivot is at 1.8633, I would recommend setting the SL at around 10 pips below that point. If the trade does go below the pivot then look to go short on this position and set the TP at 1.8506.
There is no data to be realised tonight or tomorrow (UTC), however the marker could be less volatile due to being Thanks Giving (Bank Holiday) in the US.
Trade active
Comment:
Trade has gone fantastically so far! Still more pips to have.
Trade closed manually:
Profit taken 134 pips
Comment:
I took the profit too early, should waited longer.