How To Set Stop Losses On Forex Rallies + Trade Plans GN
GBPNZD has rallied continuously, breaking levels amid a dovish RBNZ rhetoric.
Still no real desperate GBP long bias VS NZD, but sentiment can always change and extend rallies.
You can either hedge, or use stops.
Regardless, you have to do it appropriately and consider where levels exist and what could come beyond them going forward.
Still no real desperate GBP long bias VS NZD, but sentiment can always change and extend rallies.
You can either hedge, or use stops.
Regardless, you have to do it appropriately and consider where levels exist and what could come beyond them going forward.
Note
Price still rising to next level as mentioned. Stalls occuring, I would imagine you will get another of reasonable weight PRE 2.23 area.Note
Re-watch and study, understand potential for extremes (See higher levels) on Sentiment (weakness in Antipodeans)>Note
Kill all shorts.Note
Exit longs for gains ^
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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.