GBPNZD FX TA: Guidebook For Trading The Rally
After looking short on the current GBPNZD rally we need to identify future exits.
This is best done normally on higher TFs due to extreme rallies.
Price stretches out a lot and it looks very much clearer.
Here's a full demo.
This is best done normally on higher TFs due to extreme rallies.
Price stretches out a lot and it looks very much clearer.
Here's a full demo.
Note
Mainataining shorts for further falls.Note
Out on further falls.Note
Not reshorting until circa 21375Note
Almost at reshort zone.Note
Expecting further falls. Re entered lightly short.Note
Light shorts again appropriate.Note
Still holding shorts.Note
Exiting shorts circa 2098 Re longs same point.Note
Reshort area hit.Note
Still RE shorting highs.Note
Lock in short gains. Not looking long until further falls (key support via higher TFs)Note
maintaining short bias on weak push into early resistance. Longzone still the same lower.Note
Still in shorts. Exit circa 2.10 remains.Note
Entered Long.
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Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
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.