GBPNZD 1 Hour - 4 : 1 SHORT trade

Hello all
Following the NZD news last night, my position was taken out at 50% of retrace as I moved my stop forwards to reduce my risk.

I then shorted GBP against NZD overnight and am now looking to do this again.

Once I get a bearish engulfing on the 1 hour chart I will look to enter.

Price could go higher to the dynamic resistance line (heading north east direction) (where the second short trade is shown)

We will see how this plays out.

Thanks for looking

Duncan

Duncanforex.com coming soon

Trade active:

Hi all, trade going well and i do expect it to fall to 1.96 area tomorrow. if hits that area with strong bearish action, I will keep the trade open and lok for it to reach 1.955

Trade closed: target reached:

It took nearly a week, however the trade hit take profit this morning.