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GBPNZD Short trade
British Pound / New Zealand Dollar
Short
GBPNZD Short trade
By thekwest
Follow
Follow
Apr 24, 2015
1
Cheer
Cheer
Apr 24, 2015
Opportunity on GBPNZD 4hr chart for a short trade.
Reasons for entry:
- Resistance at EMA
- Bearish candle
- RSI overbought
- in line with current trend
Exit strategy:
- Stop 1.2035
- Target 1.9905
- Reward:Risk = 3:1
Don't risk more than 2% on any trade.
GBP (British Pound)
GBPNZD
NZD
short
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