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SimpleTradingTechniques
Oct 6, 2016 10:25 PM

GBPNZD - BEARISH Strategy  Short

British Pound/New Zealand DollarFXCM

Description


Go short the GBPNZD if it trades at 1.7568 or lower. If triggered, place your stop at 1.7828 and exit the
position for a profit at 1.7355 or at your own discretion. (Always invest wisely).

In this trade idea you don’t get the following:

1. How to identify the trade setup
2. How to identify short term trend
3. How to protect gains in your trade
4. Market deciding price exit for big moves in the market
5. Money management
6. Buy/Sell line which let you know when to buy or when to sell
7. Rules of gap opening

Trade active

Trade closed: target reached

213 pips move in the bag after standard exit hit @ 1.7355. Now waiting on market deciding price exit.

Trade closed: target reached

203 pips/points/cents move in the bag after market deciding price exit hit @ 1.7365.
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