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moneymunshi

GBPNZD Good Short Opportunity

Short
British Pound / New Zealand Dollar (OANDA:GBPNZD)  
moneymunshi Updated   
OANDA:GBPNZD   British Pound / New Zealand Dollar
Harmonic Patterns Chart Patterns Technical Indicators
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0
harmonicpatterns chartpattern indicator
GBPNZD Good short Opportunity
1.Channel Resistance
2. Crab Pattern
3 . Overbought Conditions

CMP:- 1.9928
SL :- 2.0025
TGT - 1.97825

EnJOY thanks
Comment:
15 Minutes Time frame has a bearish Cypher formation so will go down

Change SL to 1.9940
Comment:
GBPNZD went as low as 1.98365
we can change SL to our original 2.0025 as there is NZD economic data in 2.5 HRS and it may be volatile at that time so we don't want our stop loss to be hit by that spike incase to be safe. also close Trade at TGT 1.97825 as there is also GBP Data coming up which could strengthen the GBP. as Long
Comment:
snapshot

looks like a possible scenario
Trade closed: target reached
Comment:
2ND Target is 1.9690 in short term
Comment:
Comment:
We reached a low 1.9672

Enjoy guys

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