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Gbpnzdanalysis

GBPNZD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
3
UPDATE: 465+PIPS IN PROFIT FROM ENTRY ON GBPNZDWe are currently more than 465+ pips in profit on this position from our entry. i have attached the initial analysis below. Analysis for this trade was pretty simple and straight forward. Entry was marked using Fibonacci retracment at 50% of the previous bearish move. I want to point out some other factors that are key to your success as a trader, 1. Keep your analysis plain and simple, you will not find consistency by trying to use a lot of tools, you will only contradict yourself 2. Always calculate your risk on a trade and use a stop loss, you will not lose sleep knowing you could lose 2% on a trade but you sure will lose sleep not knowing how much you're going to lose on a trade 3. Learn, understand and apply the concept of risk to reward ratios. And always trade with a healthy risk to reward ratio 4. Trust your trade and whole heatedly accept the fact that every single trade you take has potential to be loser and hit your SL These factors are a few of many but you have to start somewhere. start applying them if you want to see a change.
Short
by Malika_Analysis
5