GBPNZD Daily trading strategy 16 March 2020 M15
GBPNZD becomes fluctuate in previous 1-2 trading days. It is expected the price will go belong the descending tunnel in M15 chart. Therefore, it is expected that in day price range will be 2.014-2.058.
For a longer forecast, it seems the uptrend from 2020 Jan of GBPNZD has been broken, a correction will likely happen in future months, The first target of correction will be 1.95.
There is a trading strategy for short position, sell limit place around 2.058-2.06,or market sells stop loss at 2.065,
take profit should be around 2.01.
For a longer forecast, it seems the uptrend from 2020 Jan of GBPNZD has been broken, a correction will likely happen in future months, The first target of correction will be 1.95.
There is a trading strategy for short position, sell limit place around 2.058-2.06,or market sells stop loss at 2.065,
take profit should be around 2.01.
Trade closed: target reached