GBPNZD Analysis. swing trade signal!!!
Hello everyone, i want share my trade idea about GBPNZD.
Picture is simple, after strong uptrend we see some downside movement which is not pretty strong, its looks like correction, trend is going up at higher timeframe and came back for retest daily support.
For my entry point i used my Fibonacci tool which showed me good points of entry and first point of entry is at daily support.
At marked point it showed me some strong candle confirmation but it came down, but with my strategy the picture gave me long entry point.
Here is my setup.
Open position - 2.094
Stop loss - 2.07
Take profit N/A ( if i will be right i will follow with trail stop loss)
Gud luck everyone!! manage your risk!!!
Picture is simple, after strong uptrend we see some downside movement which is not pretty strong, its looks like correction, trend is going up at higher timeframe and came back for retest daily support.
For my entry point i used my Fibonacci tool which showed me good points of entry and first point of entry is at daily support.
At marked point it showed me some strong candle confirmation but it came down, but with my strategy the picture gave me long entry point.
Here is my setup.
Open position - 2.094
Stop loss - 2.07
Take profit N/A ( if i will be right i will follow with trail stop loss)
Gud luck everyone!! manage your risk!!!
Comment:
I cant see any strong rejection yet at the LVL but we have some support zone here and i think we will get some good reversal movement.
Comment:
There is big chance to see pull back at 2.067.
Comment:
Second support zone worked well, lets wait price action!
Trade closed: stop reached:
GBP price downside movement is so strong, i cant see any buyers yet.
