GBPNZD [Short]

Long Setup (H1 Zoomed Entry)
- Solid Daily Ascending trendline
- Expand from previous imuplus leg
- H1 should rejection at new top
- Small stop provide good reward to Daily support level

Setup Entry #1:
- Entry: Wait till retrace 50% of previous bearish candle
- SL: 2.06296
- TP1 : 2.05068
- TP2 : 2.03151

Note

TP1 Cash in.
Due to this entry is H1 so move stop lose to half way of entry

Note

Prepare Entry#2
- Entry#1 Stop move to break even
- Risk: Half of initial Entry#1 risk
- Entry: 2.05488 (Limit order)
- Stop: 2.0575
- TP1 : 2.05068
- TP2 : 2.03151

Note

Entry#2 Fill

Note

Entry#2 TP1 Hit
2 x risk free positions nothing better than free lunch!

Plan your trade, trader your plan. No more emotion and second guess

Note

DO NOT move stops anymore, next will be either all stop out or huge profit.

Will update if next stack position pot up!

Note

Manual close all positions @2.03526
This is once a while home run trade.
Awaiting for pull back close to the broken support retest as resistance and go again.
P.S. Even with other loses these trade recover all the loses with profit. So far cash in 6% profit in the bank.

Trade closed: target reached

tradingfrog

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.

tradingfrog