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Sep 14, 2020 5:14 AM

GBPNZD Short

British Pound/New Zealand DollarFXCM

Description

A POSSIBLE TREND CONTI. OPPORTUNITY ON GBPNZD OVERALL MARKET IS IN DOWN TREND AND AFTER A LITTLE PULLBACK AND FORMING A HIGHER ON 1HR MARKET BROKE THE RISING WEDGE STRUCTURE AND NOW HAD BREAK AN SNR LEVEL. NOW WE CAN WAIT FOR THE MARKET TO TEST THE SNR LEVEL AND WAIT FOR A GOOD REJECTION FROM THIS LEVEL OR WAIT FOR 1HR CANDLE TO CLOSE BELOW THE LEVEL IN ORDER TOE ENTER INTO A SHORT

SL: 30 PIPS( ABOVE THE LAST MARKET STRUCTURE)
TP :90 PIPS

RISK REWARD 1:3
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