GBPNZD IN SELL ACCUMULATION Swing me baby
I see that we have broken the weekly neckline and consolidated back up in a bearish flag. I believe this will be a good long term swing sell. On lower frames we have a head n shoulder break low with a retest twice currently happening. first had a hard reject on the hourly with a slower climb back up. We are seeing resistance in this smaller flag formation. It is possible for one more up movement but if so I am still holding and will add into positions. I hope you enjoy my idea!
Entry: Now unless it breaks flag hourly flag up then enter or re-enter another position after you see an hourly reversal. Do not add if you have a small account. This is a swing trade so use small lots.
SL:
TP1: 1.925
TP2: 1.900
TP3: 1.8650
LONG TERM
TP4: 1.8200
TP5: 1.7900
Entry: Now unless it breaks flag hourly flag up then enter or re-enter another position after you see an hourly reversal. Do not add if you have a small account. This is a swing trade so use small lots.
SL:
TP1: 1.925
TP2: 1.900
TP3: 1.8650
LONG TERM
TP4: 1.8200
TP5: 1.7900
Note
TP 1 HITNote
TP2 HIT
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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.