FX:GBPNZD   British Pound / New Zealand Dollar
The price dropped below SMA200. It gave us a bearish signal and a possible selling opportunity. The local swing low and a breakout below it can be used for opening short trades. Stop orders must be placed above the local swing high and SMA200. Profit targets should be placed at round numbers and 1.94000 support. MACD lines and DMI support the further downside movement.

If the price can move above SMA200 and we have a solid bullish candle, it will give a buying opportunity. Stop orders must be placed below the local swing low. Profit targets should be placed at 2.02000 and 2.04000 levels.

Risk for any trade must be no more than 1-2% from the capital. Search for better entry points using the hourly timeframes.



P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!

Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
✅ TOOLKIT FOR TRADERS: https://linktr.ee/dlavrov

My FOREX Broker: https://bit.ly/2YKj374

TOP Crypto Platform: https://bit.ly/2Ojs1Ck

PREMIUM Stuff for FREE: https://t.me/dlavrov_tch

Copy Trades from TOP Traders: https://bit.ly/2Nm5GTZ

Comments

I think the price will be drop to 1.9400 lvl...
BTW, gud job man I like ur analysis..
+1 Reply
I am inclined to agree with your theory. I will wait until atleast three soldiers are formed then make my move in the trade for a buy
Reply
nice analysis bro
Reply
great analysis. thanks man
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out