GBPNZD MMXM Reversal Trade

1 lut

I am going to place a short trade because I detected the close of a Market Maker Buy Model, and so this adds greater confluence to a reversal trade because institutional players may want to take profit at this point. We will target the lows. I recommend a risk-to-reward of 1:1 for this trade, but I'm going to personally go for a 1:2, however I will take partial profits somewhere in the middle.

1 lut

Transakcja zakończona: osiągnięto poziom stop

Ran through my SL. If we zoom out we see that are actually in a MMBM, so placing a short trade here was not the best idea, but it was worth a try anyway.