GBP/NZD 250 PIPS WILL BE MADE - HIGH PROBABILITY / LOW RISK
Updated
- It appears that once again the price was dumped into the psychological level: 1.8650 (in the midst of large fundamental talks) before price rallied 250 PIPS to the upside & potentially wiping out many traders short profits on the day.
The price action is as clear as can be and for as long as the pair trades above 1.9208 (weekly SUPP) then I expect buyers to step in, price to rise and some temporary faith to be restored in the hearts of those giving up the most energy to let their 'voices be heard' throughout the Brexit talks, votes and whatever other manipulation of the masses is occurring in the here and now.I always remain chart focused with a 10% outlook over fundamentals. After today I would be very surprised if GBP/NZD sinks into new weekly lows! Many stops will be lurking just above 1.92408.
Note
Ofcourse I ment Resistance trendline became Support lol, not vice versaNote
Glad I extended the S/L Level a bit because this TA SL got hitTrade closed: target reached
Closed in 160 PIPS Profit!!NZD Was close to it's previous major support zone
GBP Was very choppy
So we secured the profits
Trade active
It should be safe to re-enter at 1.90700Anticipating to go long again after the correction, No correction = No entry
To much risk and uncertainty now
Curious if price will hit my long term target eventually !
Trade closed: target reached
Smashed it !!!!!Note
This analysis was fire! Really improving in trading
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