Caught the move off the descending trendline and 1H supply zone on GBPNZD. Original TP was set for 3R, but I took early partials around +60 pips to lock in some profit and reduce risk. SL was moved to breakeven — price retraced and took me out risk-free.
Now watching the PRC level (previous resistance turned support) for a trend continuation buy setup. Waiting for confirmation before entering long again.
Approach: Trend-based setup with key zones
Tools: EMA 9/20/50, PRC Zones, Trendlines
Style: Risk-managed swing entry with partial profits
Timeframe: 1H
Now watching the PRC level (previous resistance turned support) for a trend continuation buy setup. Waiting for confirmation before entering long again.
Approach: Trend-based setup with key zones
Tools: EMA 9/20/50, PRC Zones, Trendlines
Style: Risk-managed swing entry with partial profits
Timeframe: 1H
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.