GBPNZD March Idea
Updated
Previously, I talked about going short in this pair and the market just gave me what I planned. I'm posting below link to my previous analysis.
Now, I am going long, with entry price at 1.905.
The pair is now consolidating at very important level.
Once it closes above the blue box, we expect a long position next week.
If it closes below the box, the downtrend will continue, thus I set my SL at 1.894.
If it closes inside the box, next week will still be uncertain as it is still in the consolidating stage.
Please let me know your thoughts / feedback.
Now, I am going long, with entry price at 1.905.
The pair is now consolidating at very important level.
Once it closes above the blue box, we expect a long position next week.
If it closes below the box, the downtrend will continue, thus I set my SL at 1.894.
If it closes inside the box, next week will still be uncertain as it is still in the consolidating stage.
Please let me know your thoughts / feedback.
Comment
Trade active
Entry price hit due to impulse movement of GBP. Hope this will continue uptrend.Trade active
Moved positive SL to 50 pips.Trade closed: stop reached
Positive SL at 50pips reached. That was just an impulse from GBP. Will look again for long position at 1.90 area.Disclaimer
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