GBPNZD: Curve Analysis (8D) — CTT

Sep 7, 2023⚠️ A countertrend CTT) trade is a trade that is made against the prevailing trend. This means that the trader is betting that the trend will reverse and that the price will move in the opposite direction of the BIG PICTURE Curve Analysis. Countertrend trading can be a very profitable strategy, but it is also more risky than trend following.

-SL @ 2.1800 🚫
SLO2 @ 2.1550 ⏳
SLO1 @ 2.1050 ⏳
TP1 @ 2.0100 (shaving 25%)[i/]
TP2 @ 1.9300 (shaving 25%)[i/]
TP3 @ 1.8715 (shaving 25%)[i/]
TP4 @ 1.7800 (closing ALL Sell Orders)[i/]
BLO @ 1.7585 ⏳

Let's try this AGAIN, now that momentum is indicating price action is in overbought territory. That's great news for shorting this pair.

Oct 10, 2023

Trade active

💸 THIS IS A RISK-FREE TRADE 💸

GBPNZD...DT (8D)
SLO @ 2.1550 📉 +1,212 pips
SSO @ 2.1050 📉 +674 pips
+SL @ 2.0933 🚫 +734 pips
TP @ 1.9300 (closing all sell orders)

🤑 Combined Net Equity is @ +1886 pips or $11,336.18*️⃣

🚫 If our +SL is triggered, we will "bag" a combined +734 pips

*️⃣(based on a Standard Lot size of 100,000 Units or 1.00 (MT4/MT5)