Here on the GBPNZD, we can see a clear breakout from a little price correction at the top of the Trendline. Therefore, we expect a bearish move to the downside. I'd wait to see a smaller correction get broken before entry.
Apply proper risk and trade management as we trade reactively to to price behaviour at this level.
Thanks and good luck.
Please like, comment and follow for more analyses and educational contents.
Apply proper risk and trade management as we trade reactively to to price behaviour at this level.
Thanks and good luck.
Please like, comment and follow for more analyses and educational contents.
Trade closed: target reached
First Target in a bit. 170 pips running
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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.