Double Top Trade on GBPNZD M15 - Intraday Trade
The very first trade idea...so go easy on me guys. This here is a Perfectly executed 2618 Trade. Double top confirmed, price broke neckline, price rallied back up to 61.8 Fibonacci retracement of the swing low triggering the trade at 1.96387 (spread included) with 1:1 R:R...
Trade Plan:
Stops placed 10pips from the first leg's highest high...T1 currently 26 pips from the entry point at previous structure support @ 1.96103. We'll bring down the stops to breakeven when price hits T1 @ 1.96103 and trail the stops further down below should the price reach T2 at Structure Support @ 1.95840. If not, then Stops will get hit @ breakeven...obviously.
The very first trade idea...so go easy on me guys. This here is a Perfectly executed 2618 Trade. Double top confirmed, price broke neckline, price rallied back up to 61.8 Fibonacci retracement of the swing low triggering the trade at 1.96387 (spread included) with 1:1 R:R...
Trade Plan:
Stops placed 10pips from the first leg's highest high...T1 currently 26 pips from the entry point at previous structure support @ 1.96103. We'll bring down the stops to breakeven when price hits T1 @ 1.96103 and trail the stops further down below should the price reach T2 at Structure Support @ 1.95840. If not, then Stops will get hit @ breakeven...obviously.