GBPNZD provided a beautiful trade set up using our KLS tool. The Key Level system indicator provides us with two key levels multiple times throughout the trading week. Once higher timeframe aligns and parameters are met, then two key levels will appear on your chart automatically.
We achieved a nice 2:1 trade set up with GN for a nice 111 pips profit.
1st key level 2.04203. Blue Line
2nd key level 2.03747. Red Line
How to determine directional bias?
with the KLS you cut your analysis and chartime in HALF. Directional bias is determined by key level placement order.
Blue Key level (KL) above Red KL = Bullish sentiment. Look to take longs only
Red Key Level (KL) above Blue KL = Bearish sentiment. Look to take shorts only
We achieved a nice 2:1 trade set up with GN for a nice 111 pips profit.
1st key level 2.04203. Blue Line
2nd key level 2.03747. Red Line
How to determine directional bias?
with the KLS you cut your analysis and chartime in HALF. Directional bias is determined by key level placement order.
Blue Key level (KL) above Red KL = Bullish sentiment. Look to take longs only
Red Key Level (KL) above Blue KL = Bearish sentiment. Look to take shorts only