GBPNZD: 2618 Trade setup just completed!!

FX:GBPNZD   British Pound / New Zealand Dollar
*UPDATE: Stop loss moved to break even*

Hello Traders,

Here we got a 2618 trade setup on 60 min time frame. The trade is with the major trend and the risk to reward is also favorable. Note that 2nd target is at 127.2 extension which is located exactly at previous structure.You can wait for bullish price action since the market did went below the 61.8% level. I already entered with half of my position and I'll enter the other half when I see bullish price action starting to appear. See the chart for more details.

Good Luck :)
absolutely perfect with the Unemployment rate candle :-)
+1 Reply
moneymaking iannai69
Thank you very much :)
specially with this big red candle
+1 Reply
Difficult setup not encouraging , Good Luck
+1 Reply
moneymaking aymankkhlifat
Ya sure, No problem. Thank you for commenting, appreciate it :)
IvanLabrie aymankkhlifat
Those are the best winners...I'm in since 2.00784, now break even stop.
+1 Reply
moneymaking IvanLabrie
Great job Ivan. Good to know :)
IvanLabrie moneymaking
Strong trend, this is my current projected time and price target.
+1 Reply
moneymaking IvanLabrie
Looks good Ivan. Totally agree. But be aware of the general elections this Thursday in London. I'll be closing most of my GBP... pair positions before going into the election day. During the Scottish referendum this pair made a new level from 2.0000 to 2.1000. I believe we will be seeing something quite similar to that.
IvanLabrie moneymaking
I want the elections to boost my trade.
+1 Reply
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