FX:GBPNZD   British Pound/New Zealand Dollar
58 14 0
Buy limit @ 1.9190
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.
Reply
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.
Reply
I amended my stop loss to 1.8855 to better the reward to risk ratio.
Reply
Actually I entered the limit order on the basis of Butterfly pattern.
Reply
I'll be looking to go short again at about 1.933.
Reply
I have put some longs at 1.9180, expanding triangle will be completed around 1.910-20, my SL below your blue area
Reply
itaskar itaskar
MACD divergence in 4h, hidden divergence in daily
Reply
Where's your stop loss and your target?
Reply
itaskar ForceFollower
snapshot
Reply
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.
Reply
itaskar ForceFollower
I agree :)
Reply
itaskar ForceFollower
iam out for now with 50pips, will wait for short 1.9300-30, or another long at 1.9130 area
Reply
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.
Reply
itaskar ForceFollower
it was good area for a bounce, mostly works good for quick trades, of course it is against trend, so with small amounts :)
snapshot
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out