Good morning,
My idea on GBP/NZD:
I see from the daily that this pair is trying to resume its trend state and I am looking for a potential buy from a lower point around 1.9100.
From this time frame though, I see a range has developed already and I am looking for a long from its bottom which would give a safe stop loss below those bottoms, targets around the top.
If the price does not give me what I usually like to see and keeps falling through this range I will be looking for longs again at 1.9100 area as I said.
Let's see how this performs.
My idea on GBP/NZD:
I see from the daily that this pair is trying to resume its trend state and I am looking for a potential buy from a lower point around 1.9100.
From this time frame though, I see a range has developed already and I am looking for a long from its bottom which would give a safe stop loss below those bottoms, targets around the top.
If the price does not give me what I usually like to see and keeps falling through this range I will be looking for longs again at 1.9100 area as I said.
Let's see how this performs.
Comment:
Trade active:
Just activated a buy with very tight stop loss. I am marking 1.9300 in case the price reaches that zone. Will see if it can break through or we should take profits there.
Trade closed: stop reached:
Look like I am out with a small loss. It didn't go as anticipated. Still looking as a buy. Will wait for a further pullback.
Comment:
Looking good. It probes after a try for a turn. Let's see what the seller's got.
Possible entry tomorrow morning.
Possible entry tomorrow morning.