A couple days ago i posted an idea with a bearish setup in the GBPNZD. The main idea was that price is at a key resistance level and after a sell off we had a 5 move down breaking a short term support level. I mentioned that we should expect for an ABC correction with C wave ending at about 0.618 of the 5 wave move.
Price is doing exactly as i predicted so i believe that we have a decent chance of trading wave C. The setup is giving us a very nice 4:1 risk/reward ratio.
Good luck to those who follow this long trade!
Like and comment,
John
Price is doing exactly as i predicted so i believe that we have a decent chance of trading wave C. The setup is giving us a very nice 4:1 risk/reward ratio.
Good luck to those who follow this long trade!
Like and comment,
John
交易结束：到达止损
