maenshokri
Short

MOVES Trading Weekly Outlook: GBPNZD: Short

OANDA:GBPNZD   British Pound / New Zealand Dollar
A trade AGAINST the UP TREND.

The current UP MOVE on this pair has started since 6 days with no signs yet appearing for the next DOWN MOVE, however, price is reaching to a prior top and might break it up for minutes/hours. I will sell this pair from a higher high hopefully I can catch the DOWN MOVE from its early beginning. It is essential to move your trades to break even on this pair.
A hint: If price first moves higher by tomorrow, sell from higher high or near the prior top. Use the 1H chart to join the third bearish candle.

MOVES Trading is a new strategy benefiting from both UP & DOWN MOVES with the ability to determine TOPS and BOTTOMS for each MOVE depending on moving averages, trend and price action.
Trade active:
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