GBPNZD - Ride the wave!
GN has been on a very strong downtrend since May. We see our EMA SMA recross to the downside and it's making new lows.
Since the lower zone is confluences with the 38.2 retracement level, it should be safe to enter their with a SL near 61.8.
Since the lower zone is confluences with the 38.2 retracement level, it should be safe to enter their with a SL near 61.8.
Trade closed: stop reached
The market looks like it's ready to change directions. There was nice confluence, but it's now in an uptrend.
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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.