GBPNZD - Short then long
GBPNZD - range bound for the best part of two weeks. Looking for a short position on the breach of the 0.236 fib level targeting the top of the red shaded rectangle (immediate support) gaining a good 120 pips. From there, I shall be looking for reasons to go long, back to the top of the range following the longer term trend.
Price is clearly consolidating at the moment in this 550 pip range and I shall trade this and then hopefully trade the breakout also.
Price is clearly consolidating at the moment in this 550 pip range and I shall trade this and then hopefully trade the breakout also.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.