ForceFollower
Long

GBPNZD H1: Up From The Bottom

FX:GBPNZD   British Pound/New Zealand Dollar
140 8 3
GBPNZD             is finally likely to find bottom at the lower border of the channel. The GBP has been the strongest currency, while the NZD - the weakest. The up trend is very strong and I expect it to continue at least to about 1.2842.
Can You Kindly Update Your Post With A Daily, And 4H View Possibly.....???
Reply
moorekapital moorekapital
At Least, From Where I Sit, We Just Need A 4H Close Bar Under 2.26438(Magenta Line) Pound Is Not That Weak, Relatively. But NZD Also Seems Coming Up. And I Guess For That To Happen, Something Must Give Something Small. ;)
snapshot
Reply
moorekapital moorekapital
I Short From 2.29400 And Still Holding
Reply
ForceFollower moorekapital
Yes, it's another strategy - you probably went short on the breakout from the blue wedge. What is your exit tactic?
Reply
Here's what matters to me on a H4 time frame.
snapshot

snapshot
Reply
Both simple moving averages on H4 are sloped steeply to the upside. This gave me the confidence to go long.
Reply