GBPNZD Short Term Buy to Long Term Sell
Price spiked up to the 78.6 fib level. Overall, I see a sell to the -.27 D extension at 1.75354.
The directional bias is bearish. I have open buy positions during the up retracement to the 61.8 level, taking profit at 1.97332.
After TP, I will be looking to sell.
The directional bias is bearish. I have open buy positions during the up retracement to the 61.8 level, taking profit at 1.97332.
After TP, I will be looking to sell.
Comment:
Taking partial profit to the 38.2% fib level. Trailing SL and counter trend line. If price breaks countertrend line, I will close out remaining position.