GBPNZD - one more push?
Updated
GN has made an engulfing candle on the Daily timeframe, but it is still in a valid uptrend with a decent amount of momentum. The pair can very likely still retest this area.
Trade closed: stop reached
I was banking on the market just testing the higher low, continuing the uptrend, but the market broke structure began to form a descending channel. Now it’s going for a slow downtrend. Lesson:
- I should’ve waited for a confirmation candlestick (engulfing, strong pin bar) to enter the trade
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