💡Don't miss the great sell opportunity in GBPNZD

Nov 4, 2020

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.9395). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. GBPNZD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38.

Take Profits:
TP1= @ 1.9255
TP2= @ 1.9065
TP3= @ 1.8945
TP4= @ 1.8675

SL: Break Above 1.9565

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Nov 9, 2020

Note

440 pips profit...
Total Profit: 440
Closed trade(s): 140 Profit
Open trade(s): 300 Profit


Update Details:

Closed Profit:
TP1 @ 1.9255 touched at 11.09.2020 with 140 Profit.

Open Profit:
Profit for one trade is 1.9295(current price) - 1.9395(open price) = 100
3 trade(s) still open, therefore total profit for open trade(s) is 100 x 3 = 300
All SLs moved to Break-even point.

Take Profit:
TP2= @ 1.9065
TP3= @ 1.8945
TP4= @ 1.8675