#GBPNZD Trend Continuation Long Idea (Fibonacci,Structure,50sma) Long
British Pound/New Zealand DollarFXCM
Description
⋅ #GBPNZD Trend Continuation Long Idea (Fibonacci,Structure,50sma)
@TradeYodha (TradeYodha.com)
Analysis:
1. 50 sma in the zone on 4H
2. 50 sma in zone on Daily
3. 38.2 rettracement
Trade Execution:
1. 3 Orders
2. One order as limit order with 1:1 target
3. Rest 2 orders with higher targets based on confirmation in the zone
News/Fundamentals
May 5: 8:30am GBP Construction PMI
May 5: 10:45pm NZD Employment Change q/q
May 5: 10:45pm NZD Unemployment Rate
I would love to hear your opinion, feel free to agree or disagree in your comments. Please give it a (thumsup) if it makes any sense.