2018May25 GBPNZD H1 Trend Reversal

25 May 2018

There is still a descending triangle for GBPNZD. This is actually an update of a previous idea (tradingview.com/chart/GBPNZD/kbdOKjp3-2018May24-GBPNZD-H1-Trend-Reversal/). To better reflect the recent bounce, I am adjusting the horizontal support from 1.92730 to 1.92770. I plan to sell once there is a candle breaking and closing below this level as my confirmation of the bearish bias. If the close is significantly lower than 1.92770, then I will place it as a sell limit order expecting the level to hold upon retest. Stop loss is again based on ATR x 2 while the take profit target has the same number of pips. If price goes to TP1 before getting triggered (for the pending order), then I will manually cancel this trade. New tentative details are as follows:

Trade Setup: Trend Reversal
Price Entry 1.92770
SL 1.93370 | SL pips 60.0
TP1 1.92170 | TP1 pips 60.0
RRR1 1.00

13 Haz 2018

İşlem kapandı: hedefe ulaştı

TP1 hit! :) (May 25)