🔸Hello traders, let's review the 2 hour chart for GBPNZD.
Speculative XABCD in progress, with PRZ/D set at 2.1100,
so expecting more losses in GBPNZD before reversal from PRZ/D
🔸XABCD structure is defined by point X at 1155, point A at 1330, point B
at 1200, point C at 1360, point D/PRZ at 1100, currently most points validated, point D/PRZ still pending, so traders should wait until we hit D before buying.
🔸Recommended strategy for GBPNZD traders: wait for pullback/correction
to complete at point D near 1100, buy/hold, SL 80 pips, TP1 +175 pips TP2
+250 pips. BUY/HOLD at point D/PRZ at 1100. swing trade setup. good luck!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Speculative XABCD in progress, with PRZ/D set at 2.1100,
so expecting more losses in GBPNZD before reversal from PRZ/D
🔸XABCD structure is defined by point X at 1155, point A at 1330, point B
at 1200, point C at 1360, point D/PRZ at 1100, currently most points validated, point D/PRZ still pending, so traders should wait until we hit D before buying.
🔸Recommended strategy for GBPNZD traders: wait for pullback/correction
to complete at point D near 1100, buy/hold, SL 80 pips, TP1 +175 pips TP2
+250 pips. BUY/HOLD at point D/PRZ at 1100. swing trade setup. good luck!
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Note
good progress so far, will update the setup this FridayNote
TP1 hit +175 pips. congrats if you followed.Trade closed: target reached
TP2 hit +250 pips. Note
Note
Best Level to Short USDCAD TP +260 pips
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taplink.cc/prsyndicate
💎algo based bots and signals
⚡️forex/crypto/memecoins/stocks
📕full-auto FX trading bot
💎5%+/day 25%+/week low risk
🚀supercharge your trading
💎75% win rate free gold signals
t.me/syndicategold001
💎algo based bots and signals
⚡️forex/crypto/memecoins/stocks
📕full-auto FX trading bot
💎5%+/day 25%+/week low risk
🚀supercharge your trading
💎75% win rate free gold signals
t.me/syndicategold001
Related publications
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.