Good morning,
My idea on GBP/NZD:
I see from the daily that this pair is trying to resume its trend state and I am looking for a potential buy from a lower point around 1.9100.
From this time frame though, I see a range has developed already and I am looking for a long from its bottom which would give a safe stop loss below those bottoms, targets around the top.
If the price does not give me what I usually like to see and keeps falling through this range I will be looking for longs again at 1.9100 area as I said.
Let's see how this performs.
My idea on GBP/NZD:
I see from the daily that this pair is trying to resume its trend state and I am looking for a potential buy from a lower point around 1.9100.
From this time frame though, I see a range has developed already and I am looking for a long from its bottom which would give a safe stop loss below those bottoms, targets around the top.
If the price does not give me what I usually like to see and keeps falling through this range I will be looking for longs again at 1.9100 area as I said.
Let's see how this performs.
Note
Trade active
Just activated a buy with very tight stop loss. I am marking 1.9300 in case the price reaches that zone. Will see if it can break through or we should take profits there.Trade closed: stop reached
Look like I am out with a small loss. It didn't go as anticipated. Still looking as a buy. Will wait for a further pullback.Note
Looking good. It probes after a try for a turn. Let's see what the seller's got.Possible entry tomorrow morning.
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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.