Swing Trading FX Markets | GBPNZD Future Moves
Hey Traders,
It's vital to be able to draw and understand the long term market in any currency pair.
That's what allowed me to call it short several times in the recent past and is why I covered it here:
That's because it gives you a gauge of where there is short value and where there is long-side value. This is what professionals and institutions do alike. They are always understanding where long term bias exists.
It's important to remember exiting shorts is effectively a long bias, exiting longs is therefore a short bias.
Do not get mixed up. I'll make it clear in this 15 minute rundown of the full market over all higher timeframes.
It's vital to be able to draw and understand the long term market in any currency pair.
That's what allowed me to call it short several times in the recent past and is why I covered it here:
That's because it gives you a gauge of where there is short value and where there is long-side value. This is what professionals and institutions do alike. They are always understanding where long term bias exists.
It's important to remember exiting shorts is effectively a long bias, exiting longs is therefore a short bias.
Do not get mixed up. I'll make it clear in this 15 minute rundown of the full market over all higher timeframes.
Note
Entered Long.Note
TGTs at next weekly resistance.Note
dipping to second layer of support, still ideal for entries.Note
TGT comes 2.07 areaNote
Holding long into the weekend.Note
More Prolific news in later stages of week. Holding swings with new updates as we get closer.Note
Trading GN? Well, ya better watch. Next week could get hairy if you are not on the right side..Note
Open is up. Holding longs.Note
Watching closely. You can see the market absorbing. Very frequent in fX markets that it takes time to get fruition after reaching key pa zones.Note
Falling further but not willing to add just yet, further fall needed (dca).Note
Also planning hedges higher (risk control). Do not pretend we cannot get lower than we are (we can)Note
Minor bounce from Key Long zone. Ideal for entry conf and buy backs via 5m fall.Note
Maintaining long bias.Note
Bounce across GBP pairs. Swing exits circa 2.07. Lock in gains 5 m Dips.Note
Looking for RE longs 2.008Note
And RE shorting 2.04Note
Longs planned ahead via DCA 2.008Note
Entered short circa 2.04 light.Note
Maintaining short bias (light and early)Note
Exit shorts for gains.Note
Holding off longs.Note
Exiting further shorts, still holding off longs.Note
Don't want to buy until nearer 2.00Note
Minor longs OK. Further entries as above^Trade closed: target reached
Should now be out of All longs for gains.
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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.