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Gbpnzdlong

GBPNZD 15, fairytale or ugly duckling?I have been developing my system since I learnt to trade in 2016. I'm finally confident enough to trade with real money. this is my first non-paper trade on this system. godspeed we received a buy signal and started to build a case for entry: stochastic was gaining momentum and wasn't overbought/sold. we cleared minor resistance and it became support. Price action: we had a healthy bullish engulfing candle to confirm the buy signal stop-loss set at previous swing low, take profit set at 1:1,2
Long
by WebsterChagonda
GBPNZD trade updateHi everyone and welcome back to my GBPNZD trade update. In this video I go over the positions we took on the market, the results of our areas of interest, as well as providing you areas in the market to pay attention too and what exactly it is I am seeing to give me this bias! If you enjoy the content give it a like, follow me for more trade ideas and if you agree or disagree with the set up let me know in the comments below! In total we achieved close to 400 pips from my analysis breakdown Have a great day! And if you want more educational content please follow my instagram @jamessforex :)
by jameswright12
GBPNZD - Something to LOOK FORWARD. Possible 1:5 Risk and RewardOANDA:GBPNZD This might give us a long term UP TREND continuation - based on the current setup. The overall direction of the price if we based it on the monthly TF is going down, but it may still take some time to reach the monthly resistance line, therefore giving us the possibility to take advantage and profit on BUY positions (Weekly and Daily TF is giving us a strong uptrend confirmation). Since this is GBP pair, much better if we only risk .5% of our capital. Much better if we only put our TP below the previous swing high to lessen the risk and to give us higher probability of securing our profit. Basing on the Stop Loss level and entry point, we might loss around 160-200pips therefore this is not recommended for retail traders with low capital. The legend are as follows: Blue Line - Monthly Resistance Orange Line - Weekly Resistance/Support Yellow Line - Daily Resistance/Support What do you think of this? Feel free to share your thoughts so everyone might benefit as well. :)
Long
by OrtalizFinancials
2