Trader's bLOG: GN:150602L
Trader's bLOG: GN:150602L
- Trade Code: GN 150602L
- Instrument: GBPNZD
- DateTime: 16:30 02.06.15
- Direction: LONG
- Order Type: Market
- Entry : 2139
- SL: 2165(25)
- TP 2157 (170)
- RRR = 6.8
- Day Type: Neutral Extreme to NV or DD on 03.06
- TPO Build-Up : TPOs below the POC indicates the entry of OTF Buyers. Price is above the POC at screenshot. Initiative Buying indicates a change in perception of value.
- Comment: Sellers entered in the European (Period 7) but they failed to extend the range to the downside on two attempts (Euro Period 1 & NYSE Period 3) with large volumes forming a double bottom with the attempts on 01.06. Trade is not facilitated downwards. Auctioneer found the opposite response with initiative new buying and not short coverings.