A few weeks ago we took a look at the EURNZD breaking a rather important level of structure, opening up a massive amount of opportunity to the downside. Now the GBPNZD is following along. With a minimal move down to 1.87's and a larger potential to 1.8350's this is certainly a par that will be on my radar from both a swing & intraday perspective as I look for opportunities to trade it lower.
If you have any questions or comments about this setup, please leave them below & I promise to respond. - Akil
Can I ask you what is the use of ATR for you?
Is this indicator helps you to get reasonable targets or some kind of momentum?
Thank you
Akil_Stokes
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@Aydin_, I use the ATR to help with stop placement. In many cases it can be used to help with targets as well but I don't personally use it in that way.
TradingDragonFX
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agree here :D
Gold_Fish_Trading
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@TradingDragonFX, agree ! 1.91 support zone. Now we play the waiting game
@mohamedkhaddar609, It's whatever your rules say it is. There are always both buyers and sellers in the market
Jamal92
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I am expecting a huge rally if the U.K made a deal with the EU plus with the UK allowing its residents to receive a vaccine the possibility for the upside is very high. Keep an eye mate!
Is this indicator helps you to get reasonable targets or some kind of momentum?
Thank you