FX_IDC:GBPNZD   POUND STERLING / NEW ZEALAND DOLLAR
75 2 3
GBPNZD-Direction with S/R zones

Price drop back to previous low, could be a double bottom before a strong rebound, but if price drop through this support zone, further low towards the next support zone below.

Trading the S/R Zones for 4 Hour Chart
(4 hour chart for weekly entries of buy and sell.)

Trading Rules:
All S/R Zones has power to reverse the trade, but once broken with a closing candle Support zone will become Resist zone, and Resist zone will become Support zone.
Only trade when levels in zones are touch for the first time with a 1 hour engulfing candle to confirm the reverse.
Do Not chase price, let the price come to the S/R zones before entries.
S/R levels between zones can be use as Take Profit or stop lost location.
If you are interest more of my S/R Wave Zones forecast charts, you are welcome to join me in my SR Market Forecast Website and be a member.

for more info.:
http://www.srmarketforecast.com

Thanks
Happy Trading.
K.K. Choi
KaKeungChoi PRO
2 months ago
Walking down the steps of zones :)
Reply
KaKeungChoi PRO
2 months ago
Target reached
snapshot
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out