GBPNZD EXPECTATION A DOWNTREND AFTER THE CONSOLIDATION THIS SUGGESTS A STRONG MOVEMENT IN THE FUTURE AS YOU CAN SEE GBP IS DOMINATED BY SELLERS. HOWEVER THE RISK MANAGEMENT MUST BE APPLIED. USE HALF STOP LOSS AFTER CALCULATING THE POTENTIAL GAING PIPS 50/100.
IN ADDITION THERE IS ONE MORE POSITION THAT CAN BE TRADED AFTER A SUCESSFUL HITTING T/P1. EVENTUALLY T/P1 WILL CONVERT TO RESISTANCE, T/P2 CAN BE TAKE INTO CONSIDERATION IF THERE IS A REMARKABLE RE-TEST OR PULL-BACK IN T/P1 . OTHERWISE THE TREND WILL MOVE AGAINST THE PREVIOUS POSITION , IN THIS MOMENT HOLD UNTIL FUTHER ACTION FROM THE MARKET .
SELL
SHORT
IN ADDITION THERE IS ONE MORE POSITION THAT CAN BE TRADED AFTER A SUCESSFUL HITTING T/P1. EVENTUALLY T/P1 WILL CONVERT TO RESISTANCE, T/P2 CAN BE TAKE INTO CONSIDERATION IF THERE IS A REMARKABLE RE-TEST OR PULL-BACK IN T/P1 . OTHERWISE THE TREND WILL MOVE AGAINST THE PREVIOUS POSITION , IN THIS MOMENT HOLD UNTIL FUTHER ACTION FROM THE MARKET .
SELL
SHORT
Trade closed: target reached