TRADE OF THE WEEK | Classic Trend-Following Trading 💰

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Paun British / Dolar New Zealand (OANDA:GBPNZD)

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OANDA:GBPNZD Paun British / Dolar New Zealand

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Hey traders,

GBPNZD reached a major key level in December.
I was watching carefully the reaction of the market to that structure in order to buy/sell the market.

GBPNZD: Important Decision Ahead! Your Plan: 🇬🇧🇳🇿

My confirmation to buy the market was an ascending triangle formation on 4H time frame.
Its neckline breakout was a trigger to open a buy limit order on a retest.

GBPNZD: Classic Trend-Following Setup 🇬🇧🇳🇿

After 1 week of patient waiting the price finally reached the initial target - the next key level.

+200 pips of profit and great trade.

Did you catch this move?

❤️Please, support this idea with like and comment!❤️

Komen:

Check my new analysis on LINK/USD:

LINK/USD: Time to Grow? Great Confirmation Spotted!

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Penafian

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