mikeqlyee

GBPNZD - Uptrend Broken - Waiting for Pullback to Short

Short
FX:GBPNZD   British Pound / New Zealand Dollar
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4
The daily uptrend of GBPNZD just broken. I am waiting for pullback to short.
Comment: Initial idea invalid as price broke the downtrend. However 1.730 to 1.733 is a resistance zone, and might provide a new short opportunity. My trades got triggers, so I am holding.

Trade closed manually: Good thing I closed after the pullback at 1.73 before London Open, and managed to have a few pips profit. Price had gone north.

Trade Idea closed.

Comments

I thought I missed the train on this too as my entry did not get hit. Price is now reversing. I will be watching the 1.720 to 1.725 area for a short.
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