GBPNZD
I would like you guys to share your thoughts on this pair.
This is a trade I took a few days ago. M is RM, P is at MM level which coincides with bearish controlling bar R. On W we got bearish PB at MM level 2 weeks ago. On D P evolved to a triple top and broke the neckline. The RET didn't stop at neckline but went higher and paused for 2 days. I used a technique based on the 61.8 fib Ret for tradind double tops and bottoms so That's when I entered. On the next day I saw a big bearish engulfing candle.. If it breaks S at TG1 probably we'll go all the way down to next MM level (TG2)
I would like you guys to share your thoughts on this pair.
This is a trade I took a few days ago. M is RM, P is at MM level which coincides with bearish controlling bar R. On W we got bearish PB at MM level 2 weeks ago. On D P evolved to a triple top and broke the neckline. The RET didn't stop at neckline but went higher and paused for 2 days. I used a technique based on the 61.8 fib Ret for tradind double tops and bottoms so That's when I entered. On the next day I saw a big bearish engulfing candle.. If it breaks S at TG1 probably we'll go all the way down to next MM level (TG2)