I got stopped out of my recent GBP/AUD trade, but I found a favorable setup on GBP/NZD emerging shortly thereafter. We see a Fibonacci retracement level, horizontal support/resistance, and a long wick/reversal candlestick pattern. I entered placing a stop beyond the high of the long wick; note there are two long wicks, and I had a limit order in the event of such a pullback as well as a market order I placed initially. I'll exit partially at the recent lows just above 1.7900, but the remainder will need to go an extra 100 pips down to just above 1.7800.
GBP/NZD" title="GBP/NZD" width="1279" height="673">
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