Long GBPNZD

TRADE #6

Overall price still in an up trend.

Price respected 61% retracement from the previous move. Now it is approaching to 50% - 61% retracement of the major up trend.

I am placing a buy order at 1.84300 which is 61% retracement
Stop loss at 1.83150 ( Due to its volatility I am risking more than the usual )

Reason to get in the trade:
1) price is approaching to 61% retracement
2) price could be touching the trend line.
3) Support