GBPNZD: First target is more than 100 pips!

Short

British Pound / New Zealand Dollar (FX:GBPNZD)

Updated

FX:GBPNZD British Pound / New Zealand Dollar

trendline supportandresistance headandshoulders

Price broke below trendline and have retested it on H1. A very good short opportunity. Price is below MAs too.

Trade active:

Break and retest visible on H1.

Trade closed: stop reached:

-60 pips

Trade active:

Shorted again @ 1.9450, currently +100 pips. SL shifted to profits, looking at 1.9250 as first target.

Comment:

Sorry, this would be a better one. No breakout as of yet. But 1.9450 was a good resistance area to short it and am still holding it. A clean breakout of trendline would see 1.91 very possible in the coming weeks

Comment:

Here we have it! A momentum bearish candle breaking trendline! 1.91 could be achievable next week :)

Comment:

1.91 achieved! If you shorted @ 1.9450, that's 350 massive pips! If you shorted at breakout, that's 150 pips at least!

Comment:

1.91 achieved, breakout and retested perfectly. Now extending its decline!

Comment:

New GBPNZD idea here: Seeing some short term upside action before I take another look again

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