GBPNZD: Another 2618 trade setup on 60 min !!
Hello Traders,
It feels like we just not going to stop getting 2618 trade setups, they are everywhere, LOL :)
Alright back to business, so here we have another 2618 trade setup that is near completion. If you look left, we have got our double bottom at the previous structure zone AND the market has broken and close above previous lower high, signalling a POSSIBLE shift in trend. The risk to reward on the first target is very close to 1:1 BUT the risk is only 3 to 4 pips higher than the reward. I am willing to take this much risk. See the chart for more details. Thank you for your time.
Trade safe and Good Luck !!
It feels like we just not going to stop getting 2618 trade setups, they are everywhere, LOL :)
Alright back to business, so here we have another 2618 trade setup that is near completion. If you look left, we have got our double bottom at the previous structure zone AND the market has broken and close above previous lower high, signalling a POSSIBLE shift in trend. The risk to reward on the first target is very close to 1:1 BUT the risk is only 3 to 4 pips higher than the reward. I am willing to take this much risk. See the chart for more details. Thank you for your time.
Trade safe and Good Luck !!