Last week I highlighted the GBPNZD chart as it broke the 1.8740 level.
This morning in Asia we have a very similar set-up and I have jumped in long again. I closed for +200 pips on the last trade and here I am again buying into the break higher .The set-up was the same . Watching a break higher, then a pullback ‘J’ pattern and entry on the second break above resistance . I was actually very lucky with this second trade/break above 1.8960, as I was not in front of the screens when the first break higher happened, so I was struck by the similarity of the move to my prior long trade .
I will post the three charts below telling the story of the move . Starting with the live one showing the two areas (grey boxes) I refer to .
GBPNZD-H4
The first trade entry below –
GBPNZD-H4
My take profit on the first long trade below as we hit resistance .
GBPNZD-H4
Philosophy: "Trading rules.....it most certainly does"
Read how Horatio got into trading here
- Silver – This weeks shining star, as predicted by ForexFlow - July 19, 2019
- 新年快乐 财源滚滚 大吉大利 A Happy wealthy healthy New Year to all our Chinese friends - February 4, 2019
- Gold and Silver – Glittering prizes? - January 28, 2019