FURTHER POTENTIAL SELLING ON GBPNZD

Updated
As marked up previously this pair is showing selling potential. I have re-adjusted to current price action. GBPNZD Currently is at a point of Resistance where we could potentially see price move bearish to meet our target levels.

Entry, take profit level and stop loss has been marked, Do not risk more then 2% on this trade.
Trade active
Note
Stop loss moved to just below entry
Trade closed: target reached
Take profit 1 has been achieved. You want close 70% of your position and move your stop loss for the remaining 30% into profit. Trail stop the position if you see fit.
Chart PatternsGBPGBPJPYGBPNZDgbpnzdanalysisgbpnzdforecastgbpnzdlonggbpnzdsellgbpnzdshortGBPUSDTrend AnalysisWave Analysis

Also on:

Related publications

Disclaimer