Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
GBPNZD Trade idea
British Pound / New Zealand Dollar
Short
GBPNZD Trade idea
By Cmasterza
Follow
Follow
Updated
Mar 7, 2019
4
Cheer
Cheer
Mar 4, 2019
There was a false breakout above the resistance level at 1.93982 so I have been waiting for a short signal which has been completed.
Notice the bearish engulfing candle pattern that has printed and pulled price back below the resistance level? Thats the signal...
Shorting at market price 1.93895 with
Stop loss placed just above the bearish engulfing pattern at 1.95256 and
Take profit lower down at the previous swing low @ 1.90016
As usual don't bet the farm and always exercise healthy risk management :)
Mar 7, 2019
Trade closed manually
Closed with only 16 pips profit as I have another GBP trade open (GBPJPY short currently 65 pips profit).
I am doing this to reduce exposure to GBP in case things go south...
Chart Patterns
cmasterza
GBPNZD
gbpnzdsell
gbpnzdshort
gbpnzdtrade
profitfx
profitfxza
Trend Analysis
Cmasterza
Follow
Follow
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
.