P_Parker
Long

GBPNZD - bullish Engulfing and Correlation

FX:GBPNZD   British Pound/New Zealand Dollar
71 1 1
Hey, this is a Trade I took last night. I posted an Idea of GBPAUD             recently where I waited for a deep Retracemnet to go Long (see related Ideas). The correlated Pair GBPNZD             give me that deep Pullback to Resistance Line and Trendline together with a bullish Engulfing. Thats the reasoning for this Trade. You know I am a Novice and I still Trade on Demo Account (but take it VERY serious), so I "play around" with such things as correlation and 2 Targets and so on. It was a Trial and it looks like it worked out.
Please leave your comments below :-)
regards
Parker

Related Ideas

P_Parker
a year ago
Update: SL hit
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out