FX:GBPNZD   British Pound/New Zealand Dollar
235 12 6
LOOKING TO SELL THIS @ 2. 2160             .
- 161.8% OF W1.
-OVERBOUGHT WITH RSI DIVERGENCE

STOPS AND TARGETS AS INDICATED.

W1 OVERBOUGHT
snapshot

H1
snapshot
Likely to get a retracement after that 500 pips move in one candle :)
+1 Reply
I hope. But i will only short @ 2.2160 +/- 10 pips, depending on candle formations.
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Short filled. SL @ 2.2230. Target is 2.17 presumptive.
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Did the stop loss already got hit ?
+1 Reply
Yes. almost all within an hour. Not a good trade.
+1 Reply
moneymaking PriceActionTrading
These buyers are looking pretty strong But they will be tested by the weekly resistance coming ahead of them. Looking for good shorting opportunity with strong conformation :)
+1 Reply
I think i will stay out of this pair for a while now. Fundamentally is signaling that it will continue rising. But lets see, next week.
+1 Reply
EZ PriceActionTrading
I find GBP in recent days is very strong. Interesting....
+1 Reply
EZ EZ
My GBPJPY pair is also stopped out.
+1 Reply
Yes EZ. correct. Overbought with RSI divergence for far too long.
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That spike was to take SL out of people... Now it might plunge horizontal resistance here.
+1 Reply
Well. the pair is strong too fundamentally. Probably not trading this pair for some time.
+1 Reply
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