GBPNZD Long: Buying on Break of Resistance

29 Ağu 2017

GBPNZD is in a strong support zone on a higher TF. I'm buying when resistance is pierced on the risk that this higher TF candle will close higher and send the pair toward target line. The R/R is high enough for me to take this risk. Manage your risk first, it is the most important component of trading.

29 Ağu 2017

İşlem aktif

Here is the 1m candle breakdown:

29 Ağu 2017

İşlem elle kapatılmış

Closing this one at a small 9 pip profit. We did not get the follow through I was looking for in order to reach target. Cheers