Swing Trade: GBP/NZD - Expect the unexpected!
GBP/NZD can be considered the most volatile pair among its peers. With the impending "meaning vote", we expect price to hit 1.9120 level but continuing his downtrend move. This level will be significant as price has rejected this zone with high volume previously. The 200D EMA confirms our bias and as always the trend is your friend. Patience is required for this pair.
EP: 1.9120
SL: 1.9445
TP: 1.8450
Good luck in your trading journey!
Best Regards,
NourCapital - Tracking Smart Money Flow
Disclaimer:
The material (whether or not it states any opinions) is for educational purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by NourCapital or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
EP: 1.9120
SL: 1.9445
TP: 1.8450
Good luck in your trading journey!
Best Regards,
NourCapital - Tracking Smart Money Flow
Disclaimer:
The material (whether or not it states any opinions) is for educational purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by NourCapital or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Trade active
EP has been triggered. All the best!Trade active
As per our analysis, GBP has indeed shot up higher catching most retail traders by surprise that despite Parliament rejecting May's Brexit proposal, GBP gained strength instead. Should GBP/NZD break 1.90567 and closed below on Monday, we should expect price to free fall further.Trade active
1.9050 level seems to be holding well. We got to monitor closely on this pair.Trade active
We had a wild ride on GBP/NZD as expected of this cross pair. Fortunately, our stop-loss level holds and am looking to continue to ride the current bearish momentum. Should price closed below 1.90567, I will look to set SL to BE.Trade closed manually
Closed the trade at market price 1.90285
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.
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.