Get started
Simple_Renko

GBPNZD Long

Long
British Pound / New Zealand Dollar (OANDA:GBPNZD)  
Simple_Renko Updated   
OANDA:GBPNZD   British Pound / New Zealand Dollar
Support and Resistance Supply and Demand Trend Lines
0
0
supportandresistance supplyanddemand trendline
See callout bubbles. We would need to see some significant GBP weakness and/or NZD strength in order to meet this entry, however, if/when price gets back down here, I definitely want to take this bounce.

Always measure your risk and be okay with being wrong ; )
Comment:
We need a little bit more strength out of the NZD in order to meet our entry, but if price gets there, we should expect a nice bounce from this level.

Always measure your risk and be okay with being wrong ; ) We use the market. The market does not use us. Be patient, be picky, and wait for the price that you are looking for.
***If you feel like you've learned something and would like to learn even more, please sign up and support me as a patron at my Patreon page located at Patreon.com/SimpleRenkoTrading***

Thank you for your support!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.