GBPNZD going downunder

Atualizado
Spring is just round the corner for the Kiwi, time to get out the shorts and suncream.
With a nice retracement on the weekly, head and shoulder on the 4H
Sell signal on retest of structure on the chart for a nice short with good R/R

Stay Safe
Trade ativo
snapshot
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Stop at 1.9924 target 1 at 1.9565
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snapshot
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Closed half position, moved stop to break even
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You can close remainder of the position to reduce risk if preferred; or leave open with break even stop and target 2 open. Personally I will liquidate if I get a close above 1.9870
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snapshot
Trade fechado manualmente
After close above 1.9870 level position liquidated for a total 2R
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Note - this idea is actually playing out - will need to look at initial stop placement although moving to break even after forming structure would still have taken me out of the trade - closing half in 2R profit made this a profitable trade, I'm not crying over the lost potential because it equally had the probability that it could have gone higher after the bounce off target one
Chart PatternsGBPNZDshort

Aviso legal