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Gbpnzdshort

GBPNZD H1 SHORT PRICE ACTION FORECASTWith price action trading within a rising channel under bearish pressure, the high probability of a breakout under seller pressure is more likely. With a sell-stop entry to get into the trade will do the work in case the breakout happens. In H1 is noted the strong double top formed by the price action, together with a bearish MACD, to give some support to the bearishness into the British pound. S/L: 100 pips R:R | 1:3 T/P is aimed towards a previous support level form D1.
Short
by OGFXTRADER
GBPNZD Breaks Channel ShortIn a previous Trade Idea I predicted that GBPNZD would break out of channel long. GBPNZD broke the channel short to continue long term down trend. If the bottom of the channel turns into resistance, GBPNZD will likely continue south down to the next major S/R zone. You can see full analyses for the original GBPNZD Long break out On the first bearish candle after the channel rejection enter a Sell Stop a few pips under the bearish candle. Stop loss would be above the bearish candle for the tightest stop loss. For a more flexible Stop Loss you can put the stop loss inside the channel. Use your trading plan for take profit.
Short
by wtlee4x
1
GBPNZD short on retracement to daily trend line breakStruggling to use trading view on iPad so excuse me. Missed the initial daily trend line break on this pair, didn’t have it set up = discipline issue. NZD strength was driver behind the daily trend line break on positive sentiment around virus. Risk is on, Dow is strong and risk currencies are going for a run. Resisting the impulse to jump straight into this trade. Short on retracement target 1.95 area, stop out if it breaks back into trend line
Short
by Trader2502
2
UPDATE: 465+PIPS IN PROFIT FROM ENTRY ON GBPNZDWe are currently more than 465+ pips in profit on this position from our entry. i have attached the initial analysis below. Analysis for this trade was pretty simple and straight forward. Entry was marked using Fibonacci retracment at 50% of the previous bearish move. I want to point out some other factors that are key to your success as a trader, 1. Keep your analysis plain and simple, you will not find consistency by trying to use a lot of tools, you will only contradict yourself 2. Always calculate your risk on a trade and use a stop loss, you will not lose sleep knowing you could lose 2% on a trade but you sure will lose sleep not knowing how much you're going to lose on a trade 3. Learn, understand and apply the concept of risk to reward ratios. And always trade with a healthy risk to reward ratio 4. Trust your trade and whole heatedly accept the fact that every single trade you take has potential to be loser and hit your SL These factors are a few of many but you have to start somewhere. start applying them if you want to see a change.
Short
by Malika_Analysis
5