GBPNZD Short
As we see we've got double tops on the 1.91500 level which gave us confirmation to take shorts to the downside.
On the 4 hour TF we have also double tops which strongly indicates the major bearish trend.
I'm trying to hold a bit longer than usual 30 PIP's to test a swing trade what I haven't really done yet.
TP Zone I marked out on 1.90200 area where price has already been respecting that zone many times.
This thoughts came only from my analysis, where I'm trying to figure out how the market behaves and in order to become successful trader, it is essential to keep your trades and analysis. Tradingview is the perfect place!
All the best!
On the 4 hour TF we have also double tops which strongly indicates the major bearish trend.
I'm trying to hold a bit longer than usual 30 PIP's to test a swing trade what I haven't really done yet.
TP Zone I marked out on 1.90200 area where price has already been respecting that zone many times.
This thoughts came only from my analysis, where I'm trying to figure out how the market behaves and in order to become successful trader, it is essential to keep your trades and analysis. Tradingview is the perfect place!
All the best!
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.