hope.bleecker
Long

Pound Retracements. Already in Pound New Zealand!

FX:GBPNZD   British Pound / New Zealand Dollar
235 1 11
Pound New Zealand broke the one hour trendline . First targets are 1.94... Continue if we get the bullish action all the way back to the Daily .382. These retracements will offer up to 1500 on each pair to the north and they are all turning at support levels here. Since this is a touch climb, my strategy involves taking a half size lot up to the target and then a full size on the way back down. Take a 1:3 risk reward. Happy Trading!
Trade closed manually: I have pulled this position off. It worked out well for about 300 pips total. I am stepping aside to see if this test holds. Y'all have a great weekend.
Hello hope, followed your idea, gained 200 pips and was stopped out by my trailing SL. Thank you so much
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