Chart of the day.. GBPNZD
Updated
GBPNZD paints a colourful picture for Traders interested in Trading it.. That's because it is an amlagamation of Technical Factors amongst Market sentiment that will allow for clean Trading..
When prices fall and sometimes fast, they reach levels that are great for longs, due to many reasons.. Generally lumps of PA help and Key indicators that the price we are reaching is a good one to support Long side Bias.
Make sure you take note of:
- The Rise previously in price
- The Key MA's giving you market value
- The FIB giving you market value
- The Low Stoch
- The PREVIOUS price action and what we saw at this area.
All very important factors which should influence your trading decision at all times or you will be LOST. Amongst this keep your eye on the news so you can gauge market mood and future moves that are likely.
The significant fall recently below is now arriving at A LOT of it and we can expect a bounce amongst what is good market value. Fibs are not to be used as MAGIC beans. Just gauge what the price looks like to you and you shall take a good trade :)
And when you do take the trade... well take it in accordance to your Capital size overall.
Looking for longside gains.
When prices fall and sometimes fast, they reach levels that are great for longs, due to many reasons.. Generally lumps of PA help and Key indicators that the price we are reaching is a good one to support Long side Bias.
Make sure you take note of:
- The Rise previously in price
- The Key MA's giving you market value
- The FIB giving you market value
- The Low Stoch
- The PREVIOUS price action and what we saw at this area.
All very important factors which should influence your trading decision at all times or you will be LOST. Amongst this keep your eye on the news so you can gauge market mood and future moves that are likely.
The significant fall recently below is now arriving at A LOT of it and we can expect a bounce amongst what is good market value. Fibs are not to be used as MAGIC beans. Just gauge what the price looks like to you and you shall take a good trade :)
And when you do take the trade... well take it in accordance to your Capital size overall.
Looking for longside gains.
Comment
exit for first gains if long
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Posts Not financial advice.
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