GBPNZD (D1): Short Opportunity Beckons!
Updated
GBPNZD Timeframe: Daily
Direction: Short
Cofluences:
- Top of Channel (Resistance)
- Overlapping of Overbought Stochastics
- Strong Bearish Candles
- Fundamental (Uncertainty of Brexit continues)
Entry: 2.0201
SL: 2.0554
TP1: 1.9675
TP 2:1.9158
Risk : -354 pips
Reward: +1043 pips
Risk/Reward: 1:2.94
May the pips move in our favour! Good luck! :D
Note
Heading down, hope you were in this trade with me!Trade active
Note
Move SL to 2.0195 to at least Breakeven and be prepared to lock in some profits when the price heads to TP1 levels.Note
You can take profit on half of your trade. :DNote
TP1 achieve, if you haven't lock in some profit, you should do it and move your SL to BE. This trade will then be risk free.
Disclaimer: The personal opinion above does not constitute as an investment advice. Any decisions taken based on the above opinion is purely at your own risks. DYOR.
Disclaimer
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