hope.bleecker
Short

GBPNZD Full Body Bearish

FX:GBPNZD   British Pound / New Zealand Dollar
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12
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Selling into the D extension off the back of the trendline . If you want entry on this you can turn to a one hour or a 15 minute and catch the retracement. Sell it below the pink line.
Trade active: I was in the trading room today when I took 100 pips off this trade. I would start pulling to break even now that New Zealand is moving south a bit.. This may have a natural inclination to trade back toward the trendline. If you are not already in this trade, wait for the bearish formation at the down trendline. We are going to 209.. Thanks!
Trade closed manually: This came off at the break even. Looking North now but not in yet will update with the entry now that we have broken that trendline. Thanks!
Trade active: I've set an order on pound new zealand to buy the test of the morning star back up to support... this currency is in a downtrend, but it will naturally get pulled back up into the down trendline on the daily chart. The trade is as follows: enter at 20940 SL 20883 TP 2174.. Pull some off and bring your stop to break even when it provides 100 pips.
Trade active: OK this is running.
Trade active: First take profit is 2.1047 Thanks!!
Trade closed: stop reached: Ok well this was great scalp for 45.. pulled to break even because I went to bed and was out when I got up... looking like this wants 203... daily downtrendline from heck.. very strong. Cheers.
Hi, thanks for your great analysis. At the moment G/N is at your buy, my broker got 13pip spread. Is this normal? just wondering what your brokers spread is, thanks kindly.
vince
Reply
I was in the trading room today when I took 100 pips off this trade. I would start pulling to break even now that New Zealand is moving south a bit.. This may have a natural inclination to trade back toward the trendline. If you are not already in this trade, wait for the bearish formation at the down trendline.
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