FOREXEL
Long

A trend reversal on the way or..

FX:GBPNZD   British Pound / New Zealand Dollar
256 21 6
If 2.09154 holds then we have a successful breakout re-test with a clear target at 2.25005.

One sometimes gets blind of these intradays moves and I have another trade idea of shorting this one big time posted...well it seems I have to change my mind since this pair has gone from a downtrend to ranging and now heading for a trend reversal.

Even if the pound fails this first breakout and re-test attempt I dont think it will pullback that far and will hit these levels very directly after.

I dont know about you but I wont say no to roughly 1500 ( ish             ) pips taking a set and forget trade from this level. I have a similar scenario posted about EURNZD             as well.
Like a rocket it went!
Reply
still holding? It seems to have reversed heading to 2.1
Reply
so close to target i can smell it. it cant get better than this
Reply
ohitsZoya FOREXEL
You can smell it ? lol
Reply
im currently holding my long on this pair from 2.01 with TP at 2.4 what do you think
Reply
FOREXEL anwar.mashni
as long as you can take the pullbacks you are good
Reply
are we talking about a specific major pullback?
Reply
FOREXEL anwar.mashni
yes since we trade the weekly chart there is still a risk of a good pullback. the weekly breakout re-test needs to be reinforced by daily tests to break it
Reply
FOREXEL anwar.mashni
check thwe daily for possible pull back levels, play it safe - this pair can travel 300 pips in a day easily
Reply
thanks! :D
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out