GBP/NZD - Ichimoku showing a new possible downtrend?
GBP/NZD is coming from a very good uptrend and it is fair to ask ourselves if this new down-movement is just a retracement or a possible new downtrend.
The Ichimoku shows a very favorable situation to try to take advantage of this down-movement, getting a nice risk to reward ratio of almost 1:2.
You can see that in the last 2 candles, we already had some symptoms of breakout of the cloud, but I decided to wait for the important news hitting GBP, before confirming this position.
The Ichimoku shows a very favorable situation to try to take advantage of this down-movement, getting a nice risk to reward ratio of almost 1:2.
You can see that in the last 2 candles, we already had some symptoms of breakout of the cloud, but I decided to wait for the important news hitting GBP, before confirming this position.
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