IvanLabrie

GBPNZD: Pound/Kiwi retracement done in 2 days

Pembelian
IvanLabrie Diupdate   
FX:GBPNZD   Pound Inggris / Dollar New Zealand
The GBPNZD pair has been in a strong uptrend, and after topping in August 24th, when the stock market bottomed after flash crashing, endured a lengthy correction.
The time for this correction now matches the time the advance took to form, and we're close to a perfect 0.618 retracement of it, which nicely lines up with many time at mode elements suggesting a long is possible in this zone.

I'll be looking to entering intermediate/long term positions around these parts, I expect new longs to enter after new year, and a very strong uptrend aiming for 2.66+ to start soon.
The stop loss for this entry is vital, and can make or break the trade, so I will enter with a few different techniques to attempt to leverage this into a giant home run trade.
For details on the specific position management, entry, exit, and stop loss values we will use, contact me, since I will reserve this for my private trading room.

Good luck!

Ivan Labrie.

Trade aktif
Komentar:
Stop at entry price (practically the low)
Komentar:
Might be wise to rejoin the uptrend.
Komentar:
Very nice move, I didn't catch it, was in GBPAUD though. I'll rejoin this trend asap.

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