Short

GBPNZD going downunder

Updated

Spring is just round the corner for the Kiwi, time to get out the shorts and suncream.
With a nice retracement on the weekly, head and shoulder on the 4H
Sell signal on retest of structure on the chart for a nice short with good R/R

Stay Safe

Trade active

Note

Stop at 1.9924 target 1 at 1.9565

Note

Closed half position, moved stop to break even

Note

You can close remainder of the position to reduce risk if preferred; or leave open with break even stop and target 2 open. Personally I will liquidate if I get a close above 1.9870

Note

Trade closed manually

After close above 1.9870 level position liquidated for a total 2R

Note

Note - this idea is actually playing out - will need to look at initial stop placement although moving to break even after forming structure would still have taken me out of the trade - closing half in 2R profit made this a profitable trade, I'm not crying over the lost potential because it equally had the probability that it could have gone higher after the bounce off target one

pamargetts

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