123 bottom - 170 pip profit

Yesterday I mentioned the NZDUSD had hit a new support where we could see a potential reversal. This morning there was a good set up for a 123 bottom at 886 on the smaller time frames. I entered straight into this trade and I've taken profit on my 1st position and adjusted the stop on my 2nd position. As it stands in total from this trade so far I've made a 170 pip profit.

Below I've shown this mornings set up on a 60 min chart with todays move up. We've had a small pull back which could be a breather as its at the 50% level, this may be a good set up for a continuation but I will wait until tomorrow as todays move is greater than the daily range.














NZDUSD forex chart from Advanced Get

Good trading