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GBPNZD H2: BEST Level to SHORT/HOLD +150/+250 pips(SL/TP)(SWING)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
tagged as SHORT because 250 pips DUMP still
remains. recommend to SHORT/HOLD IT.
🔸 Summary and potential trade setup
::: GBPNZD H2 2hour candle chart review
::: SPECULATIVE reversal trade setup
::: compression in bearish channel now
::: previously strong dump / rejection
::: SHORT/HOLD rips/rallies from overhead
::: expecting limited upside next 1-2 weeks
::: 250 pips downside remains
::: noteworthy sequence of lower lows
::: expecting fresh selling / DUMP
::: TP1 BEARS +150 TP2 BEARS +250 pips
::: final TP BEARS is 1.8950
::: recommended strategy: SHORT/HOLD near market
::: strong rejection from overhead resistance
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 8950 fresh demand zone
::: 9250 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS/DUMP
::: Sentiment outlook mid-term: BEARS/DUMP
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.