Hello Everyone, Another setup on the 1hr for gbpnzd. Ihad published this setup before, but price formed a bigger pattern, now looks clear. Sell from top seems like a good idea here for a great R/R, or just sell the breakout, choice is yours. Watch this pair for the next impulse, trade it safely, trade with a plan and you will stay in profit blue! Show some support :)
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zooming out into 4hr, I noticed a more clear pattern, A triangle. It seems most likely this is the actual pattern we are looking at and not the one I posted above. This setup is a very risky one, and has a big chance it will drop, but will not reach the target above. best choice is to look for the buy opportunity unless you are very skilled at trading the counter trend moves.
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pattern break out!
David K Giraldo