Fakeout Play on GBPNZD as Price Crosses Below 1.9215

Short

British Pound / New Zealand Dollar (OANDA:GBPNZD)

Updated

OANDA:GBPNZD British Pound / New Zealand Dollar

supportandresistance candlestick mtfa gbpnzd gbp nzd gbpnzdsell gbpnzdshort priceaction forex

See Signposts for key price action details.

Comment:

Note: Ideas published represent my viewpoints on anticipated structural directional moves. I do not post trade parameters (i.e. entry, take profit, stop loss, alternative exit points, etc.) as actual execution may differ from the respective trade idea published. My trades evolve around my expectancy with certain planned R-multiple and win rate. Use as your own discretion.

Comment:

The key detail to realize here is that we'll need to see price make an uptick to that 1.9215 level and then hold below it.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.