GBD/NZD possible short signal, however needs to brake key support at
2.3920
to show a good indication of bearish trend.
* If you look at 1 hour chart, their is a strong triple top resistance line at 2.4000
* However there is some event risk coming out of the UK on Tuesday 1:30 GMT
* Will pull out before that, whether S/L or T/P hit.
GOOD RISK TO REWARD
S/L - Smart stop would be above the 2.4000 psychological level.
T/P - Take profit would be just at minor support around 2.3830
WILL WATCH PRICE ACTION TO RE-ENTER TRADE AFTER FIRST T/P HITS.
*Next Support at 2.37294
- Wolf of El Cerrito
2.3920
to show a good indication of bearish trend.
* If you look at 1 hour chart, their is a strong triple top resistance line at 2.4000
* However there is some event risk coming out of the UK on Tuesday 1:30 GMT
* Will pull out before that, whether S/L or T/P hit.
GOOD RISK TO REWARD
S/L - Smart stop would be above the 2.4000 psychological level.
T/P - Take profit would be just at minor support around 2.3830
WILL WATCH PRICE ACTION TO RE-ENTER TRADE AFTER FIRST T/P HITS.
*Next Support at 2.37294
- Wolf of El Cerrito
Related publications
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.
Related publications
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.