GBP/NZD, DAY CHART, LONG (27-NOV-2016)
Updated
We are still bullish for GBP/NZD.
After 3 white soldiers, we see a consolidation pattern formed near the support zone.
It might accumulating more pressure to break this support zone.
Once, the support zone was broken strongly by bullish trend bar.
It will be good chance to long.
Alternatively, need to wait weak pull back and long again.
Trade safely with proper risk management skill
After 3 white soldiers, we see a consolidation pattern formed near the support zone.
It might accumulating more pressure to break this support zone.
Once, the support zone was broken strongly by bullish trend bar.
It will be good chance to long.
Alternatively, need to wait weak pull back and long again.
Trade safely with proper risk management skill
Trade active
Trade this pair now.Zoom in to H4 chart, volume on the down side is extremely low. and upside is relatively high. Time to moving up now.
It is also near the bottom of the "trading in the range"
EP: 1.76238
SL: 1.74163
TP: 1.81703
Trade closed: stop reached
Too bad, we ignored upward trendline as a resistance in H4 Chart.Luckily, we only trade this pair with lower risk.
Risk Management is essential.
Note
The price break the resistance zone finally!Watch closely for right entry :)
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.