GBPNZD Net Long Trade Idea
GN has provided a very beautiful 5 wave bearish move within a set of guidelines. Price has just broken out of this parallel
channel and should be looking to create a corrective structure. I am anticipating a retest of the trendline along with the
confluence of the 61.8% fibonacci retracement level. As shown, I may trade the retest leg as well, as I wait for my buy
limit order to be triggered at 1.91260.
Long trade Targets:
-1.94000
-1.96000
I hope you enjoy this setup, Let me know in the comments what your view is on this pair, I would gladly love to discuss perspectives.
Hit the like button and share if you please, I will highly appreciate it. Have a blessed trading week.
channel and should be looking to create a corrective structure. I am anticipating a retest of the trendline along with the
confluence of the 61.8% fibonacci retracement level. As shown, I may trade the retest leg as well, as I wait for my buy
limit order to be triggered at 1.91260.
Long trade Targets:
-1.94000
-1.96000
I hope you enjoy this setup, Let me know in the comments what your view is on this pair, I would gladly love to discuss perspectives.
Hit the like button and share if you please, I will highly appreciate it. Have a blessed trading week.
Note
Price didn't retrace to the anticipated retest level and has since spiked through what is my TP 1 level. Lovely move by GBPNZD.
Trade fermée: cible de profit atteinte
TP 2 Hit
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.