GBPNZD waiting for retest after BOS
head and shoulders on daily
price broke structure @ 1.9600 level
waiting for a retest around that price level which falls in golden fib level between 50 and 61.8% fib retracement level
stop loss placed slightly above the 78.6% fib retracement incase of a fake breakout @ golden fib lvl
tp1 @ 61.8% fib ext level
tp2 @ 1 fib ext level ---which completes the head and shoulder shape
price broke structure @ 1.9600 level
waiting for a retest around that price level which falls in golden fib level between 50 and 61.8% fib retracement level
stop loss placed slightly above the 78.6% fib retracement incase of a fake breakout @ golden fib lvl
tp1 @ 61.8% fib ext level
tp2 @ 1 fib ext level ---which completes the head and shoulder shape
Note
# if you like my ideas and would like more in-depth understanding of my trading plan and strategy checkout my telegram completely free :) Lets BREAK BREAD together
link in profile
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.