pinoso

PRZ as ABCD pattern at GBPNZD to sell

Short
pinoso Updated   
FX:GBPNZD   British Pound / New Zealand Dollar
GBPNZD has another AB=CD with a 0.618 retracement and a projection of 1.618 with almost exact price range and time lenght. We have a SL just above the point D. Risk management has to be low as the previous trend was strongly bullish and place TP1 of the AB=CD pattern.
Trade closed: stop reached:
Movement went as predicted, but SL parameter was too tight, next time I'll give it more.
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