FURTHER POTENTIAL SELLING ON GBPNZD
As marked up previously this pair is showing selling potential. I have re-adjusted to current price action. GBPNZD Currently is at a point of Resistance where we could potentially see price move bearish to meet our target levels.
Entry, take profit level and stop loss has been marked, Do not risk more then 2% on this trade.
Entry, take profit level and stop loss has been marked, Do not risk more then 2% on this trade.
Trade active
Note
Stop loss moved to just below entryTrade closed: target reached
Take profit 1 has been achieved. You want close 70% of your position and move your stop loss for the remaining 30% into profit. Trail stop the position if you see fit.
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Related publications
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.