GBPNZD - SWING - 08. JULY. 2020Welcome to our weekly trade setup ( GBPNZD )!
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1 HOUR
We turned very bullish.
4 HOUR
Overall bearish market about to turn..
DAILY
Expecting a push to the upside, good long entries!
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FOREX SWING
BUY GBPNZD
ENTRY LEVEL @ 1.91540
SL @ 1.90790
TP @ 1.92630
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
Gbpnzdbuy
GBPNZD - SWING - 24. JUNE. 2020Welcome to our weekly trade setup ( GBPNZD )!
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1 HOUR
Bullish price action and closure above main sr level.
4 HOUR
Overall market turning bullish right now, good long entries!
DAILY
Expecting another push to the upside.
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FOREX SWING
BUY GBPNZD
ENTRY LEVEL @ 1.93620
SL @ 1.92190
TP @ 1.95550
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
GBPNZD LongOn the daily chart, the pair is at an important area of support. A strong indication of a reversal is imminent with a double bottom highly likely.
As such I anticipate a bounce off the trendline once the retest is complete to also form an inverse head & shoulders on the 4H chart.
This is a swing trade with a risk-reward ratio of 1:12.36.
So GBPNZD LONG:
SL: 1.93103
TP1: 1.97052
TP2: 2.01459
TP3: 2.05619
TP4: 2.09324
GBPNZD - SWING - 15. JUNE. 2020Welcome to our weekly trade setup ( GBPNZD )!
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1 HOUR
Bullish open and close above main sr.
4 HOUR
Bearish market need a pullback and retest of previous highs.
DAILY
Expecting a shortterm turn and bullish pressure.
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FOREX SWING
BUY GBPNZD
ENTRY LEVEL @ 1.94800
SL @ 1.93870
TP @ 1.96080
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
UPDATE: 465+PIPS IN PROFIT FROM ENTRY ON GBPNZDWe are currently more than 465+ pips in profit on this position from our entry. i have attached the initial analysis below.
Analysis for this trade was pretty simple and straight forward. Entry was marked using Fibonacci retracment at 50% of the previous bearish move.
I want to point out some other factors that are key to your success as a trader,
1. Keep your analysis plain and simple, you will not find consistency by trying to use a lot of tools, you will only contradict yourself
2. Always calculate your risk on a trade and use a stop loss, you will not lose sleep knowing you could lose 2% on a trade but you sure will lose sleep not knowing how much you're going to lose on a trade
3. Learn, understand and apply the concept of risk to reward ratios. And always trade with a healthy risk to reward ratio
4. Trust your trade and whole heatedly accept the fact that every single trade you take has potential to be loser and hit your SL
These factors are a few of many but you have to start somewhere. start applying them if you want to see a change.
GBPNZD 15, fairytale or ugly duckling?I have been developing my system since I learnt to trade in 2016. I'm finally confident enough to trade with real money. this is my first non-paper trade on this system. godspeed
we received a buy signal and started to build a case for entry:
stochastic was gaining momentum and wasn't overbought/sold.
we cleared minor resistance and it became support.
Price action: we had a healthy bullish engulfing candle to confirm the buy signal
stop-loss set at previous swing low, take profit set at 1:1,2