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

 

 

 

 

 

 

Horatio Dubsly

Collects more scalps than Crazy Horse and newly crowned Bitcoin & Dow top calling master.
Philosophy: "Trading rules.....it most certainly does"

Read how Horatio got into trading here
Horatio Dubsly

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