GBPNZD SS Short + 194 Pip Potential

Price is below the Daily and 60 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
2 Potential entries. If the PB is triggered first, then the BO entry is cancelled. It is not an add on position.
PB Entry = 2.0129
Stop =2.0154
Risk = 25 pips*
Profit target = 1.9963 ( The daily projected low )
Reward = 191 Pips
RRR = 7.64-1
BO Entry = 2.0073
Stop = 2.0098
Risk = 25 pips
Profit target = 1.9963 ( The daily projected low )
Reward = 110 PIps
RRR = 4.4 - 1
I would appreciate if you leave a comment or like as a thank you
Allen
* I am using a slightly larger stop
** I apologize if I am a little slow responding to comments as I am conducting a training room.

Trade active

This Trade has been triggered and is now Active

Trade active

This trade is now + 20 Pips. I am going to move my stop to flat.
Once it is + 25, I will take 1/2 of my position off.

Trade closed manually

Trade closed flat. No harm no foul.
Never die with a trade

Note

Note

Above is how we document trades. We also use a spreedsheet

AGold54

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.

AGold54