GBPNZD has been bearish for awhile now and it has reached the .618 Fib level on the daily chart. With yesterday's move it broke the CTL to the upside. With the ADX above 20 and the StochRSI in the Buy Zone this is a good place to get in. Stop because the ATR is 112 pips a day makes the stop have to be below the 1.9000 pivot level. Target the 1.9618 to 2.000 level. Equality management is a must!!!
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Trading FOREX on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. CKC will not accept liability for any loss or damage directly or indirectly from reliance of information.
If you agree hit the like button and don't forget to follow. Here at Carter Kyle Capital we are the Fighters of Financial Freedom helping 1 trader at a time.
What are YOU fighting for?
Trading FOREX on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. CKC will not accept liability for any loss or damage directly or indirectly from reliance of information.
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Trial stop hit a 100 pips I will look to 2hr fibs to get back in if in line