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Malika_Analysis

FURTHER POTENTIAL SELLING ON GBPNZD

Short
British Pound / New Zealand Dollar (FX:GBPNZD)  
Malika_Analysis Updated   
FX:GBPNZD   British Pound / New Zealand Dollar
Trend Analysis Chart Patterns Wave Analysis GBPNZD GBPUSD gbpnzdshort gbpnzdsell gbpnzdlong gbpnzdanalysis GBPJPY GBP gbpnzdforecast
15
4
trendanalysis chartpattern waveanalysis gbpnzd gbpusd gbpnzdshort gbpnzdsell gbpnzdlong gbpnzdanalysis gbpjpy gbp gbpnzdforecast
As marked up previously this pair is showing selling potential. I have re-adjusted to current price action. GBPNZD Currently is at a point of Resistance where we could potentially see price move bearish to meet our target levels.

Entry, take profit level and stop loss has been marked, Do not risk more then 2% on this trade.
Trade active
Comment:
Stop loss moved to just below entry
Trade closed: target reached:
Take profit 1 has been achieved. You want close 70% of your position and move your stop loss for the remaining 30% into profit. Trail stop the position if you see fit.

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