GBP/NZD is coming from a very good uptrend and it is fair to ask ourselves if this new down-movement is just a retracement or a possible new downtrend.
The Ichimoku shows a very favorable situation to try to take advantage of this down-movement, getting a nice risk to reward ratio of almost 1:2.
You can see that in the last 2 candles, we already had some symptoms of breakout of the cloud, but I decided to wait for the important news hitting GBP, before confirming this position.
The Ichimoku shows a very favorable situation to try to take advantage of this down-movement, getting a nice risk to reward ratio of almost 1:2.
You can see that in the last 2 candles, we already had some symptoms of breakout of the cloud, but I decided to wait for the important news hitting GBP, before confirming this position.
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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.
Find out more at itstradingtime.com/
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.