GBPNZD Net Long Trade Idea
Updated
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 closed: target reached
TP 2 Hit
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