GBPNZD Long: Buying on Break of Resistance

GBPNZD is in a strong support zone on a higher TF. I'm buying when resistance is pierced on the risk that this higher TF candle will close higher and send the pair toward target line. The R/R is high enough for me to take this risk. Manage your risk first, it is the most important component of trading.

Zlecenie aktywne:

Here is the 1m candle breakdown:

Zlecenie zamknięto ręcznie:

Closing this one at a small 9 pip profit. We did not get the follow through I was looking for in order to reach target. Cheers