Short GN Short

British Pound/New Zealand DollarFXCM

Description

⋅ Nov 19, 2015 9:58 AM

1:4 R:R, Resistance level, broken trend support, trend holding as resistance could be a nice hold.

entry around the 2.3425
TP: 2.33
TP: 2.325
Stop 2.345

Comment

⋅ Nov 19, 2015 10:19 AM

2.3425 entry hit. Trade active

GBPNZD gbpnzd1hr 1h short shortsetup shortterm gbpnzdshort shorting short-term hourly riskreward swing

Comments

Paul-Man

⋅ Nov 20, 2015 10:53 AM

Nice one - what is R.R that you use ?

Rennie

⋅ Nov 20, 2015 11:42 AM

I generally try to aim for atleast 1:3 Risk reward, this trade was 1:4

Bella29

⋅ Nov 20, 2015 7:24 AM

Nice trade. Do you have another trade set up

Rennie

⋅ Nov 20, 2015 11:42 AM

I don't often post my idea's but if I come across another clean setup like this I shall post it

Tony1200

⋅ Nov 20, 2015 1:32 AM

Nice call!

prashantfx

⋅ Nov 19, 2015 10:22 AM

sl trigger stay away from dis type of high voltage pair

Rennie

⋅ Nov 19, 2015 10:23 AM

not to worry, the R:R and strategy behind the trade were fine for me. SL triggered but I don't mind

prashantfx

⋅ Nov 19, 2015 10:25 AM

okay :-)