FX:GBPNZD   British Pound/New Zealand Dollar
58 14 0
Buy limit @ 1.9190
ForceFollower
2 years ago
Sure, 1.92 is OK. Clearly a support level. That's where I'll start taking profits. However, based on the support levels to be observed on a daily chart, it go to as low as 1.91745 or even 1.90643.
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Sandeep_Gupta
2 years ago
You are right, I kept stop loss at 1.8530 and my first tp is 1.9750 to keep reward to risk ratio 1.0. A long term trade.
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Sandeep_Gupta
2 years ago
I amended my stop loss to 1.8855 to better the reward to risk ratio.
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Sandeep_Gupta
2 years ago
Actually I entered the limit order on the basis of Butterfly pattern.
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ForceFollower
2 years ago
I'll be looking to go short again at about 1.933.
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itaskar
2 years ago
I have put some longs at 1.9180, expanding triangle will be completed around 1.910-20, my SL below your blue area
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itaskar itaskar
2 years ago
MACD divergence in 4h, hidden divergence in daily
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ForceFollower itaskar
2 years ago
Where's your stop loss and your target?
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itaskar ForceFollower
2 years ago
snapshot
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ForceFollower itaskar
2 years ago
You did right to put the SL below the low to the left. OK, now as price has hit my first target (1.9174), it may want to retrace a little. I expect it to go to 1.933 now. Then - with me on board - down again to the second target that's probably still waiting to be reached - 1.906.
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itaskar ForceFollower
2 years ago
I agree :)
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itaskar ForceFollower
2 years ago
iam out for now with 50pips, will wait for short 1.9300-30, or another long at 1.9130 area
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ForceFollower itaskar
2 years ago
I'm glad you made money on this long trade. It seemed a bit scary to me. :-) Now at night I'll be looking to go short again at 1.928 (with a pending order), and if it fails - once again at 1.933.
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itaskar ForceFollower
2 years ago
it was good area for a bounce, mostly works good for quick trades, of course it is against trend, so with small amounts :)
snapshot
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