GBP/NZD Short - Reverse Cup and Handle forming 4-Hour
Retest of Daily Trend line is occurring.
Bearish Reverse Cup and Handle forming on 4 hour Chart.
Wait for breakdown of Handle to enter Short or after stop hunt at key daily trend line level.
TP 1.88 which is a key Daily level Target.
Bearish Reverse Cup and Handle forming on 4 hour Chart.
Wait for breakdown of Handle to enter Short or after stop hunt at key daily trend line level.
TP 1.88 which is a key Daily level Target.
Note
Trade Active Handle broken let's get some!Note
Stochastic is largely oversold and we have made 200 pips on this Trade.Move Stop Loss to 1.94777 To take some money off the table.
Idea is the hold above that large wick that is likely a large institutional seller (Probably some asshole from JP Morgan)
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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.