Potential GN Short :o
Nice potential setup. Waiting for some confirmation before entry.
As you know, GBP is extremely volatile right now, so major pips can be made in a matter of hours.
Technicals: Monthly rejection level at the supply handle @ 2.000. Double top formation. Lots of confluence on the technical side.
Fundamentals: BREXIT optimism may fade from Friday. NZD has been volatile recently due to the ongoing trade wars and BREXIT speculation, so we expect to see more of the same this week.
Great R:R, looking for it to reach the areas of liquidity.
As you know, GBP is extremely volatile right now, so major pips can be made in a matter of hours.
Technicals: Monthly rejection level at the supply handle @ 2.000. Double top formation. Lots of confluence on the technical side.
Fundamentals: BREXIT optimism may fade from Friday. NZD has been volatile recently due to the ongoing trade wars and BREXIT speculation, so we expect to see more of the same this week.
Great R:R, looking for it to reach the areas of liquidity.
Note
entered at 2.0034Trade active
Note
stops are around 2.01 markTrade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.