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Oct 17, 2023 7:10 AM

GBPNZD: “618” Setup on “Limit” Buy Entry (34/100) Long

British Pound/New Zealand DollarFXCM

Description

System has identified a “618” Fibonacci retracement setup and executed a buy “limit” entry during the second hour of the LONDON 12-Candle Window.

RISK: 1R

TARGET: 4R

***DISCLAIMER***
This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in LONDON and only using certain pairs. The win rate and expectancy are unknown. Please do not take these trades.
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