PRZ as ABCD pattern at GBPNZD to sell
GBPNZD has another AB=CD with a 0.618 retracement and a projection of 1.618 with almost exact price range and time lenght. We have a SL just above the point D. Risk management has to be low as the previous trend was strongly bullish and place TP1 of the AB=CD pattern.
Trade geschlossen: Stop wurde erreicht:
Movement went as predicted, but SL parameter was too tight, next time I'll give it more.