GBPNZD - Short - GBP continues to be weak

FX:GBPNZD1D

British Pound/New Zealand DollarFXCM

Description

⋅ May 21, 2020 3:56 PM

GBPNZD has broken a important support level on the Daily chart. Short the retest where price is currently.

Comment

⋅ May 21, 2020 5:19 PM

A less risky entry would be to wait for a daily close below the brown level.

Comment

⋅ May 22, 2020 9:25 AM

Clear rejection on the daily from the level. I don't take trades on a Friday, so this will be left to next week for entry, but looking good

Comment

⋅ May 22, 2020 9:26 AM

4hr View -

Comment

⋅ May 26, 2020 5:06 AM

4hr trendline break

Comment

⋅ May 26, 2020 2:12 PM

Trading running well. Lets wait for daily close below blue level to confirm further downside.

Trade closed manually

⋅ May 26, 2020 3:52 PM

Findng some support, taking profits

Support and Resistance Supply and Demand

Comments

VasilyTrader

⋅ May 22, 2020 1:46 PM

Very good! Here is what price action shows:

TraderMetatronFx

⋅ May 22, 2020 1:54 PM

@VasilyPonomarev, Agree, if we close back above, my bias changes as per you chart, will be a great long opportunity. Always be reactive to the market.