GBPNZD Nice risk/reward ratio
Some pretty strong resistance in the 1.89830 price region for
GBPNZD
. This has been further supported by a consistent down trend throughout March (red trend line).
GBPNZD
. This has been further supported by a consistent down trend throughout March (red trend line).
Комментарий:
Both currencies are expected to trade sideways (based of fundamentals), so its fairly likely the resistance will hold
Комментарий:
I'm waiting for the 4H candle to close (in 12 minutes) before I open a position
Комментарий:
Selling at 1.89590
SL: 1.89930
TP: 1.88200
SL: 1.89930
TP: 1.88200
Сделка активна:
Pretty trash entry price because I waited for the 4H candle, but lets see how the trade plays out and just learn from it
Комментарий:
Resistance broke, also should have entered earlier to reduce loss
Комментарий:
After reviewing the trade, I think drawing the red trendline was a mistake because a new high wasn't confirmed. I should have also entered the trade earlier to minimize losses. However, I remain bearish on this currency pair.
Комментарий:
Might enter a short position if we get a bearish engulfing candle