GBPNZD Trade IdeaBreakout occurred followed by a re-test of the support as resistance.
I am shorting @market price 1.87689 with
my stop placed above the resistance level at 1.88672 and
my take profit provisionally @ 1.84539 just above the support when using the swing low on the left marked with a yellow bar
Don't bet the farm and always exeercise healthy risk management.
This markup was done with a custom MT4 indicator >>> www.profitfxza.com
Gbpnzdsell
GBPNZD 600+ LandSlide Trade?GBPNZD Has broken a key level that exist on the daily and weekly chart. GBPNZD has a bearish overview. The analysis shows the bears was able to break through key levels that has existed for a long time. GBPNZD bearish momentum has continued for several months and the down trend does not appear to be over.
Thanks for reading and much success!
-StampsFX
GBP/NZD - 200 Pips OpportunityAs we can see, GBP/NZD is failling to establish it's support zone. As soon as the support line is broken, we can expect the bearish trend to continue until it's next support.
Remember, preserving your money always comes first in trading. Your second goal is to grow your portfolio.
Trade safely.