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TRADE OF THE WEEK | Classic Trend-Following Trading 💰

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Hey traders,

GBPNZD reached a major key level in December.
I was watching carefully the reaction of the market to that structure in order to buy/sell the market.

GBPNZD: Important Decision Ahead! Your Plan: 🇬🇧🇳🇿


My confirmation to buy the market was an ascending triangle formation on 4H time frame.
Its neckline breakout was a trigger to open a buy limit order on a retest.

GBPNZD: Classic Trend-Following Setup 🇬🇧🇳🇿


After 1 week of patient waiting the price finally reached the initial target - the next key level.

+200 pips of profit and great trade.

Did you catch this move?

❤️Please, support this idea with like and comment!❤️
Not
Check my new analysis on LINK/USD:
LINK/USD: Time to Grow? Great Confirmation Spotted!

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.