15min
NZDUSD Bearish Bat 15min ChartSell at Point D around 0.69746.
Stop Loss should be at 1.13% Extension Fib of XA around 0.69882
Trade Management;
Move stop loss to break even when price hits the 0.382% around 0.69421 retrenchment of CD.
Take Profit at 0.618% around 0.69220.
Risk/Reward Ratio around 3.84
GBPNZD 2 fib opportunities a long and a shortGoing to play either a momentum long move with a 61.8% retracement, or will be short the market at the 127% extension. Planning to let the market decide where it wants to go and take a good RR. Both trades are over 3:1 risk reward:
LONG @ 1.7740
S/L @ 1.7594
TARGET @ 1.8150
SHORT @ 1.8030
S/L @ 1.8105
TARGET @ 1.7820