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ProjectSyndicate
Feb 24, 2021 8:07 AM

GBPNZD D4: BEST Level to BUY/HOLD TP +1800 pips(SL/TP)(UPDATED) Short

British Pound/New Zealand DollarFXCM

Description

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GBPNZD D4: BEST Level to BUY/HOLD TP +1800 pips(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT as I'm expecting re-test
of neckline at 8500.
IMPORTANT NOTE2: high risk / speculative / swing
trade setup. mind the leverage and swaps.


🔸 Summary and potential trade setup
::: GBPNZD 4days/candle chart review
::: updated/revised outlook
::: recommend to SHORT TP 8500
::: H*S setup in progress speculative
::: head at 2.1300 / RS /LS at 2.0380
::: neckline at 1.8500
::: BEST strategy: BUY/HOLD from neckline
::: BEARS will target re-test of neckline at 8500
::: BULLS get ready to BUY LOW near 8500
::: final TP BULLS is +1800 pips ( RS of HS)
::: long-range SWING trade setup
::: not for short-term traders
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS
::: Sentiment outlook mid-term: BULLS/REVERSAL/ RS

RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Comments
Dave-FX-Hunter
Good job mate, keep it coming
Stargazer_fx
clean and easy to understand
CryptoGuru369
Thank you for sharing another great chart and so many details!
abel11
Great technical setup, well done!
Verum0
Great chart!
Momantic_FX
Great setup!
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