simonecabras
Long

GBPNZD hit the Floor, going LONG!

FX:GBPNZD   British Pound / New Zealand Dollar
It seems from the 4hr chart that GBPNZD hit the floor at 2.2416 circa.
The formation of those long spikes tell me that there might be a push on the upper side.
I am going long at the close of the next candle with SL below previouls Lower Low around 2.2364 with a TP at around 2.2994
Trade closed: stop reached: Unfortunately high volatility of the market stopped me in one candle. ;-((

I have lost -223 pips
I knew that my risk was higher then usual on this trade and therefore I have opened a 1/2 size trade so to balance the extended pip risk.
So what is ur next idea about tomorrow is it down trend or up
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