GBPNZD long swing trade 3:3.34 RR high probability trade
Confluences:
-Price just broke out of the 4H consolidation area
-Personally now I'll wait for price to come back to retest the consolidation area
-For an aggressive entry: I'll put a buy limit at the top of the consolidation area
-For a safer entry: I'll put a buy stop when I see signs of rejection and continuation to the upside
Additionally the weekly closed very bullish, and the consolidation happened at a quarter level, giving me a high conviction on this trade. However there is always the risk of a fake breakout so be wary.
What do you guys think?
-Price just broke out of the 4H consolidation area
-Personally now I'll wait for price to come back to retest the consolidation area
-For an aggressive entry: I'll put a buy limit at the top of the consolidation area
-For a safer entry: I'll put a buy stop when I see signs of rejection and continuation to the upside
Additionally the weekly closed very bullish, and the consolidation happened at a quarter level, giving me a high conviction on this trade. However there is always the risk of a fake breakout so be wary.
What do you guys think?
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.