Technician
Short

GBPNZD: Another Short Setup #forex

FX:GBPNZD   British Pound/New Zealand Dollar
6470 45 191
I shorted GBPNZD             earlier as the price showing renewed downside pressure after hitting prior swing low and resistance. Within the context of the downtrend.

It is just my view. Trade Your own view.

I have no incentive to post if i don't get enough support from you. Likes and comment.
You can SKYPE me at : Technician - The Forex Channel
My Regards,
Technican
Trade active
Trade closed: stop reached
interesting :-) Are you filled?
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Technician TOP robdavid1111
I am in since 2 days
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Welcome home :))))
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Thanks :)
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This looks good mate.
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Casey, thanks
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Looks good. Good luck mate.
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Technician TOP HamedAghajani
Hamed, thanks mate.
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Hi, which MA line are you using? Its showing a beautiful resistant as well.
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This is the 20-days Exponential average.
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kamranibm Technician
Whts ur entry level
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Hello Technician, ...may I ask you why you did not wait for a direction change - although the entry is really good, Just want to get the idea. For the last 4 hours its a roughly 400p move. Can you share your idea?
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Pimmixx Pimmixx
200 p, sorry.
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It might also retrace on support Level around 1.871 and then level up higher until resistance at 1.884. It all depends on breaking that support at 1.871 now, what do you think? If it goes through 1.871 there is good profit for a short position.
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If we break and hold above 1.8735 we may retest 1.8850 area. I am counting on this resistance area to hold for my trade.
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Pimmixx Technician
Very true - it seems like the price is making almost exact of what I written. Retest at 1.8850 as you wrote.
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14 hours ago you said you shorted and then 1 hour ago you post "trade active". I'm confused.
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Nothing to be confused about. The price has just reached the entry after posting here. (But my personal trade was active earlier).
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Any possibilities of it going further down?
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nice catch... (y)
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i missed it
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Technician TOP Asifshami15
You were lucky to miss it. RBNZ ruined it for me.
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Huangwned Technician
Yes......RBNZ....But I still agree with you.
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do you thing we can enter short again?
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i am not willing to now. Unless i see a new signal.
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sacamafra Technician
There is a bullish engulfing bar formed in weekly chart now.
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Finally clean/naked charts with minimum indicators and lines all over the place!
I am still an amatör and love to see the simple charts and anderstanding whats going on directly.
Thx a lot Technician!
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You are welcome. I think my entry on this trade wasn't perfect. But anyway, it happens.
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Abozahra PRO Technician
Well find me a 100% winner trader and i'll call you God! :)
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True. Nothing like that exist.
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Technician I respect your great charts and integrity. Other top traders would wait until it went the right way and tell there flock that their stop was not hit. Kudos to you.
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Thanks Sir. Well, i think those probably are not real profitable traders. On my side,I have nothing to hide. Good luck.
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marcus123 Technician
have always liked your style and attitude to trading; transparent and straight forward.
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Thanks for supporting marcus
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Very honest!
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Hi Technician, do you think to play short below 1.850 would make sense?
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bearish engulfing candle... maybe we can sell again...
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Thank you for your strength and courage in your posts Techniciam.
I always read them and do my best to analyse them and learn from you, but I am not anywhere near up to your standard of knowledge on Forex. I have not commented on your posts before simply because I am not sufficiently competent in your area of expertise. No doubt there are many more silent ones like me.
Please be encouraged in your trading and posting.
Gonebarrafishing.
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Technician TOP gonebarrafishing
Much appreciated
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Maybe now could be a nice trade again Sir . !
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Did you stopped out the first Trade ?
Did you re enter again ?
If you re entered again, it is time to TP now and go short again 1.7900 area. Target is about 1000 pips.
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sucks when a trade hits your stops n goes as pre planned...feels like they just working to get ya!
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Technician TOP John Igwe Igwee
it happens all the time mate :)
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we did the same trade yet different entry. i am still short on it 620 pips. target 2000 hope i will make it.
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Technician TOP TemurBurhonov
yes, happy that you got it at a better price.
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