Long GBPNZD: Swing trade based on the daily charts.
Based on the daily charts, I would swing this to the upside where there is the next major resistance. There were 3 drops (highlighted in yellow) on GBPNZD that all held. This is a great sign that this will have further upside movement. If you're swinging this, stop loss should be below that zone.
Trade active
I'm currently swinging this trade.Trade closed: target reached
this played out exactly how I wanted. It's in my zone for closing. I'll wait for a retracement before longing this again.
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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.