Technician

Trade 16: Bought GBPNZD

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FX:GBPNZD   Paun British / Dolar New Zealand
Bought at : 1.7725 --- T1: 1.7874---- T2: 1.8225 --- SL: 1.7625 --- Risk of capital :

The price has been consolidating above the 200 days SMA for a while. Holding above 1.6790-1.7700 broken resistance turned support.
If earlier breakout above 200 days average and 1.7700 level is a new uptrend, the trade will have some good potential.

For more details about the trade and all Stats since start of journey (May 11) goo.gl/rtfmna

Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.

Remember
-Never risk more than 2% of your balance on a single trade. And If you are a beginner 1%.
-A Single or few trades result is not important. Whats important is the net return at the end of the month, quarter and year.


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