Hello everyone,
Today I will share with you all my view about gbpnzd pair.
Price approached the resistance very fast and if today candle make a false breakout, price can drop back to triangle. Best time frame to enter the short trade is 4h timeframe after the false break out.
On the other hands, if price can break out completely, I would looking for buy opportunity on the way it pull back, but it will be next week decision.
The strategy for this trade is "sell the resistance and buy the support". Just simple like that.
All strategies work if you have a good money management. Follow your strategy and plan.
Goodluck to everyone.
Please do your own analysis before trading.
Today I will share with you all my view about gbpnzd pair.
Price approached the resistance very fast and if today candle make a false breakout, price can drop back to triangle. Best time frame to enter the short trade is 4h timeframe after the false break out.
On the other hands, if price can break out completely, I would looking for buy opportunity on the way it pull back, but it will be next week decision.
The strategy for this trade is "sell the resistance and buy the support". Just simple like that.
All strategies work if you have a good money management. Follow your strategy and plan.
Goodluck to everyone.
Please do your own analysis before trading.
Comment:
remember to take profit along the way.