We had a fast 73 pip gain yesterday on GBPNZD based on the London DayBreak Strategy. You can take a look at the trade yesterday here. And after scanning the market for another potential breakout for the London Open, we are back with GBPNZD as the most solid trade opportunity.
Trading Breakouts with Elite Swing Trader
The Super Forex Launcher Trend Reversal System
How we approach this trade is the same as yesterday. We will enter into position only when the Bulls prove to us that it’s willing and ready to go higher. And that just means that we will enter into Buy Stop Order.
- Buy Stop order: 1.90265
- Stop Loss: 1.89626
- Take Profit: 1.90795
- Expiry: if this order is not triggered in 5 hours, let this trade expire.
We will only trade breakout to the upside as GBPNZD is on an uptrend. We will not trade breakout to the downside as that would be trading against the trend. London DayBreak is a momentum strategy and we will just trade with the trend for quick profit.
Last note… sometimes in our haste to get the signals out, you can expect some mistakes/overlook. Please use common sense when entering the trade. Any questions or feedback… comment below. Have fun and good luck with this trade.
How I Became a Consistently Profitable Trader
Results London DayBreak Strategy GBPNZD – 20th Feb 2019
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