Short GBP/NZD Trade Idea
GBD/NZD possible short signal, however needs to brake key support at
2.3920
to show a good indication of bearish trend.
* If you look at 1 hour chart, their is a strong triple top resistance line at 2.4000
* However there is some event risk coming out of the UK on Tuesday 1:30 GMT
* Will pull out before that, whether S/L or T/P hit.
GOOD RISK TO REWARD
S/L - Smart stop would be above the 2.4000 psychological level.
T/P - Take profit would be just at minor support around 2.3830
WILL WATCH PRICE ACTION TO RE-ENTER TRADE AFTER FIRST T/P HITS.
*Next Support at 2.37294
- Wolf of El Cerrito
2.3920
to show a good indication of bearish trend.
* If you look at 1 hour chart, their is a strong triple top resistance line at 2.4000
* However there is some event risk coming out of the UK on Tuesday 1:30 GMT
* Will pull out before that, whether S/L or T/P hit.
GOOD RISK TO REWARD
S/L - Smart stop would be above the 2.4000 psychological level.
T/P - Take profit would be just at minor support around 2.3830
WILL WATCH PRICE ACTION TO RE-ENTER TRADE AFTER FIRST T/P HITS.
*Next Support at 2.37294
- Wolf of El Cerrito
Empty your mind, be formless. Shapeless, like water.
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