Swing: Uncertainty leads to opportunities, bearish call on GNZD
The deadline to conclude the Brexit deal is fast approaching and the turmoil faced by Prime Minister of a "no deal" could be catastrophic for the UK economy. On the technical side, we are looking to short this pair due to the following:
1. Weekly 50D and 200D EMA pointing down acting as resistance.
2. Rejection of price at 1.92900 level
Set-up as follows:
EP: 1.92549
SL: 1.9346
TP: 1.8866
Do note that we expect huge volatility for GBP pairs, it's best to manage your risk.
Best Regards,
Nour Capital - Tracking Smart Money Flow
Disclaimer:
The material (whether or not it states any opinions) is for educational purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by Nour Capital or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
1. Weekly 50D and 200D EMA pointing down acting as resistance.
2. Rejection of price at 1.92900 level
Set-up as follows:
EP: 1.92549
SL: 1.9346
TP: 1.8866
Do note that we expect huge volatility for GBP pairs, it's best to manage your risk.
Best Regards,
Nour Capital - Tracking Smart Money Flow
Disclaimer:
The material (whether or not it states any opinions) is for educational purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by Nour Capital or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Trade active:
EP has been triggered.
Trade closed: stop reached:
Trade has been stopped out.