Gbp-nzd
GBPNZD SS Long + 75 Pip PotentialPrice is above the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
Entry = 1.9201
Stop = 1.9176
Risk = 25 pips
Profit target = 1.9276 ( The projected daily high )
Reward = +75 Pips
RRR = 3-1
I would appreciate if you leave a comment or like as a thank you
Have a great week !
Allen
GBPNZD SS Long + 178 Pip PotentialPrice is above the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and Great RRR.
2 Potential entries (it is one or the other, not both)
Entry = 1.8880
Stop = 1.8860
Risk = 20 pips
Profit target = 1.9058 ( The projected daily high )
Reward = +178 Pips
RRR = 8.9 - 1
2nd Entry = 1.8950
Stop = 1.8925
Risk = 25 pips
Profit target = 1.9058 ( The projected daily high )
Reward = + 108 PIps
RRR = 4.32 - 1
I would appreciate if you leave a comment or like as a thank you
Have a great week !
Allen
GBPNZD: Trading Plan For Next Week
GBPNZD has reached significant resistance level.
currently the price consolidates within a rising parallel channel called bear flag pattern.
your plan for next week is to wait and sell bearish breakout of a flag.
T1 - 1.8715
T2 - 1.8520
Stop above the highest point of the flag.
if the market goes above 1.9, setup will be invalid