GBPNZD SUPPORT

2020-02-11 05:19:06

This is a good example of using support to your advantage when trading.
If you look at the two highlighted areas at support price created bullish engulfing candles.
It was a matter of time before price was going to take off.
Finally price slow down giving some consolidation this could be a potential entry for a buy.
Been able to secured an overall of 160 pips with only risking 30 pips.
This is just an example of how you can support or resistance and candlestick structures when you maybe unsure about a trade.