KPeykov
Long

Trade of the Year, With Profit Targets Above 6000 Pips !!!

FX:GBPNZD   British Pound / New Zealand Dollar
This currency pair has been correcting for a very long time and now showing signs of exhaustion:


MACD is loosing momentum also there is bullish divergence . Inverted hammer on weekly chart. Approaching the 200 Weekly MA and trend line support. So my suggestion is entry around 2.0600-2.0300 area with big Stop Loss but a greater Profit Target.

Entry: 2.0600-2.0300
Stop Loss: 2.0000
Take Profit 1: 2.5350
Take Profit 2: 2.6647
Risk/Reward: Approximately 1:10

Good Luck, and Happy Trading
Trade active: So Far So Good
Excellent work as usual man.
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