Phenlx

Currently Flat for GBP/NZD - waiting for turn around

FX:GBPNZD   British Pound / New Zealand Dollar
51 0 0
Hey fellas,

-reposting it again to show also the bigger time frame in this context-

yesterday i posted a possible long set up. My order got stopped out. I kindly would like to point out also a different scenario. As you could also see on my former analysis the gbp/nzd-1.18% is close to a major structure resistance level (blue). 2,41-2,42. On top of this friend of mine "tradersince1997" pointed out the higher Major trend resistance line (red) which is confluencing with the major structure level. What we also can see is a potential double top with it´s tops at 2,40 (orange) and its trigger at ~2,315. As soon as this level is broken I would watch out for a short set up.

Please remind your self that this is just my trading logbook and you always should do your own analysis before trading.

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