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.
realy nice work with a nice results , even the time frame is small and more volatile the yellow channel still available , very good job
ForceFollower
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As for the daily chart, you may notice price has just approached the blue Tenkan-Sen line.
ForceFollower
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Both simple moving averages on H4 are sloped steeply to the upside. This gave me the confidence to go long.
ForceFollower
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Here's what matters to me on a H4 time frame.
moorekapital
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Can You Kindly Update Your Post With A Daily, And 4H View Possibly.....???
moorekapital
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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. ;)
moorekapital
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I Short From 2.29400 And Still Holding
ForceFollower
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Yes, it's another strategy - you probably went short on the breakout from the blue wedge. What is your exit tactic?