Get started
Cas4xx

Is there a last up swing coming??? GBPNZD Long Trade idea...

Long
British Pound / New Zealand Dollar (FX:GBPNZD)  
Cas4xx Updated   
FX:GBPNZD   British Pound / New Zealand Dollar
Support and Resistance Trend Lines GBPNZD gbpnzdlong gbpnzdbuy gbpnzdforecast gbpnzdanalysis gbpnzd4hr gbpnzdsignal gbpnzdidea gbpnzdtrade
3
0
supportandresistance trendline gbpnzd gbpnzdlong gbpnzdbuy gbpnzdforecast gbpnzdanalysis gbpnzd4hr gbpnzdsignal gbpnzdidea gbpnzdtrade
Price had a good bull run. The retracement seems to lose some steam but I think there is still some momentum left for one leg up. Price probably won't make a new high but I put my TP on the highest pivot point just in case. We have a nice window of opportunity to open a long trade with price showing support close to the trend line.

Just be patient and see what happens...
Trade closed manually:
As predicted Price didn't make a Higher High but instead got a lot of resistance @1.9335. I have closed my trade and took a nice profit, maybe I will open this trade again when Momentum is back up again.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.