GBPNZD

I execute my trades on MT5 but i analyze my trades on trading view . Thank you

Please what price did you enter at, where is the stop loss, what is the reason for taking the trade, what is the strategy, so others can learn? Also what was you entry candlestick pattern, can you show on 5 minutes timeframe instead of H4?

My entry price is at 2.28695 and my stoploss is at 2.28405.

I trade the SLK strategy. SLK means structure, liquidity, key level. I created a thread on this under my GBPusd trade thread.

Lastly, I don’t trade the 5mins timeframe. My lowest timeframe for trade execution is 30minutes. I get my bias from the daily timeframe and find an alignment on the 4hrs timeframe. I get a confirmation on 1hr or 30min timeframe.

I will drop a comprehensive trade breakdown for this trade any moment from now. Thank you

We are making significant progress on this trade. The zone we marked for buys looks valid with buyers taking over. I will keep you updated on the outcome of the trade.

This trade reversed and hit my stoploss

I’m seeing something else but will wait for the next 4hr candle to decide I.e wait for the next 4hr candle closure.

I'm seeing buy 0.6 lots is that a pending order or you took a new trade? You can mark your entry candle with a circle so we know where you entered from

Thats about 29 pips stop loss?

Yes

0.6lots in the image?

I get now . I executed the trade on two different accounts. The one I sent was the buy with 0.6lot.

I will always mark with a circle. Thank you for the observation

im just looking at the gbpnzd chart i see the bullish candlestick pattern which is good. I also see the bearish pattern that started forming and it hard to know if it will continue. However, when I see three opposite candles taken out its always a danger sign for me.

If the next 4hr candle closes bearish, I will stay out of the bullish bias and wait for price to do whah it wants to do and will react afterwards to it.

For now, it’s better to looks for sells to the circled breakout zone on the weekly timeframe.

At this zone, I will be expecting price to reject and close, I.e candle rejection and candle closure. If this happens at the close of the week and gives a breakout to the upside on the daily timeframe, then we can position ourselves for a buy. For now, we keep selling.

Don’t just go and click sell, i will let you all know when we get a sell entry for this pair. Stay glued to this thread.

great