GBPNZD Type 1 Long + 80 Pip Potential
Price is above the Daily, 60 and 15 KS as well as the cloud. So all 4 horseman are aligned. This is a Type 1 trade with a High probability and good RRR.
BO Entry = 2.0319
Stop = 2.0294
Risk = 25 pips
Profit target = 2.0399
Reward = 80 Pips
RRR = 3.2 - 1
The Strength & weakness analysis shows GBP - 1 and NZD - 4. The other GBP pairs have either moved too far or have to break the 60KS resistance level.
Nick
BO Entry = 2.0319
Stop = 2.0294
Risk = 25 pips
Profit target = 2.0399
Reward = 80 Pips
RRR = 3.2 - 1
The Strength & weakness analysis shows GBP - 1 and NZD - 4. The other GBP pairs have either moved too far or have to break the 60KS resistance level.
Nick
Trade active
This trade has been triggered and is now Active. As those who practice the Gold Method Ichimoku know we take the first pair that breaks out which today was GBPNZD or GBPJPY (they were both pretty close).Note
A strong early push up to 26 pips. I have moved my stop to Break-even on this trade.Trade active
The market pulled back to the top of the asian box and closed our trades at break-even. I have placed another entry on this trade as it may be just using the asian box for support.Trade closed: stop reached
Unfortunately this trade didn't work out :( Our group was looking to the Moving average for support but the market didn't cooperate. Next!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.