GBPNZD hit the Floor, going LONG!

10 thg 12, 2015

It seems from the 4hr chart that GBPNZD hit the floor at 2.2416 circa.
The formation of those long spikes tell me that there might be a push on the upper side.
I am going long at the close of the next candle with SL below previouls Lower Low around 2.2364 with a TP at around 2.2994

10 thg 12, 2015

Đóng lệnh: dừng lỗ

Unfortunately high volatility of the market stopped me in one candle. ;-((

I have lost -223 pips
I knew that my risk was higher then usual on this trade and therefore I have opened a 1/2 size trade so to balance the extended pip risk.