GBPNZD - 4hrs ( Sell After Retest 2.1000 Area / TP 200 PIP ) Pair Name : GBP/NZD
1 DAY RELATIVE PERFORMANCE
GBP 0.06% / NZD 0.54%
Time Frame : 4hrs
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🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🔗 Key Technical / Direction ( Short After Retest )
Type : Mid Term Swing
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💲Why We Enter'd This Trade
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We've got an internal channel that's been busted at 2.1000.
That's why.
We have a line of direction broken at 2.1000, too.
And if you look at the left side, we'll find that the 2.1000 area is a high liquidity area that's also broken.
And at 2.1000: 2.15000 is 0.618:0.50 Fibo, which is also the area of change of character.
And so the best price for entry is at 2.0950 :2.10000 to ensure that the deal is activated.
And our target will be 2.0800, which is the area of exchange of roles and range of FIBO 1.618% and also the area of change of character.