15min
EURGBP tl break + retestthe pair broke through the trendline earlier on into last week and has made a long retracement back to it.
the price is currently bouncing off the trendline
double top pattern has formed on 15min chart
price can travel all the way down to daily level
stops above TL, TP at 0.84215
entry order placed at neckline of 15min double top (0.86064)
NZDUSD Bearish Bat 15min ChartSell at Point D around 0.69746.
Stop Loss should be at 1.13% Extension Fib of XA around 0.69882
Trade Management;
Move stop loss to break even when price hits the 0.382% around 0.69421 retrenchment of CD.
Take Profit at 0.618% around 0.69220.
Risk/Reward Ratio around 3.84
GBPNZD 2 fib opportunities a long and a shortGoing to play either a momentum long move with a 61.8% retracement, or will be short the market at the 127% extension. Planning to let the market decide where it wants to go and take a good RR. Both trades are over 3:1 risk reward:
LONG @ 1.7740
S/L @ 1.7594
TARGET @ 1.8150
SHORT @ 1.8030
S/L @ 1.8105
TARGET @ 1.7820