GBPNZD: WEEKLY REVERSAL PATTERN

On Weekly time frame we can see a reversal pattern: Double Bottom . We can trade breakout of the level 1.7940(1.7950 with target 1.90https://uk.tradingview.com/chart/sFFiHnjR/

Yorum:

BUY LIMIT: 1,7955
STOP: 1,77
TARGET: 1,90

Yorum:

Order still valid until price is above the ema 21 on weekly timeframe

Yorum:

Order triggered at 1,7955.

Yorum:

In the last 2 weeks price went fast towards our target at 1.90. We can move stop loss from 1,77 to 1,8450 (Risk/reward: 1/2).

Yorum:

stop profit reached yesterday at 1,8450. Trade close with 500 pips gain. Risk/reward 1/2. Not bad anyway.