Current swing : downtrend at H4
Setup strategy : (buy limit entry) OR buy stop entry if price break the zone, and show some bullish sign. Personally won’t look for any buy entry yet as the price will likely to head south further before it reverse.
GBP facing a bearish momentum since Tuesday, but managed to renounce as at Wednesday night MYT, if this pair is fall again to touch the blue support zone and show a bullish sign, a buy limit entry could be place
***Take note that GBPNZD is a very volatile pair***
Remarks from author
1)This analysis does not represent long or short trade immediately, it is solely on the author analysis
2)Trade at your own risk with proper lot sizing and follow your own trading plan
3)Risk management is always be the top priority
Setup strategy : (buy limit entry) OR buy stop entry if price break the zone, and show some bullish sign. Personally won’t look for any buy entry yet as the price will likely to head south further before it reverse.
GBP facing a bearish momentum since Tuesday, but managed to renounce as at Wednesday night MYT, if this pair is fall again to touch the blue support zone and show a bullish sign, a buy limit entry could be place
***Take note that GBPNZD is a very volatile pair***
Remarks from author
1)This analysis does not represent long or short trade immediately, it is solely on the author analysis
2)Trade at your own risk with proper lot sizing and follow your own trading plan
3)Risk management is always be the top priority