GBPNZD - Waiting for end of corrective structure to short
Similar movements on virtually all GBP pairs.
GBPNZD, in particular, has broken all structures. If you have not yet sold this pair on one of the previous breaks, don't worry - there is a nice opportunity coming along. Keep an eye on the corrective structure in development on the 4hr chart (you can break it down on the 60min. time frame for easier viewing), and sell at the completion of said structure. Stop loss above structure and target in the 1.722 area, with a great R/R ratio.
Trade with care and only with a tested strategy.
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GBPNZD, in particular, has broken all structures. If you have not yet sold this pair on one of the previous breaks, don't worry - there is a nice opportunity coming along. Keep an eye on the corrective structure in development on the 4hr chart (you can break it down on the 60min. time frame for easier viewing), and sell at the completion of said structure. Stop loss above structure and target in the 1.722 area, with a great R/R ratio.
Trade with care and only with a tested strategy.
Please don't forget to like this post or follow us if you feel that our charts can be a useful complement to your trading strategies.