Hi Traders according to my technical analysis market will sell from 1.95300 To 1.97000. This is the sell zone area and stoploss is 2.00000 and TP is 1.88000. But remembered this is just a market idea it's not 100%. So please take entry on your own risk and must use stoploss. Thank you
Quite strong support and resistance playing out on GBP/NZD. I will be taking it to the previous support and will be looking on from there. My take profit is 1.89265 and stop loss is 1.913122. Good luck!
Daily: Bearish engulfing candle after upper trendline line touch
Price is in an ascending channel
Overall trend = downtrend
4hrs:
LTF correction towards the upper trendline line, Indicating us that price could reject the upper trendline and move to the downside
Price broke out of the LTF correction, need to wait for a correction before an entry
Need to wait...
Hey tradomaniacs,
welcome to a new free trading-setup.
GBP/NZD: Day-Swingtrade-Preparation
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation.
Market-Sell: 1,99650
Stop-Loss: 2,01480
Target 1: 1,97860
Target 2: 1,96370
Target 3: 1,94885
Stop-Loss: 185 pips
Risk: 0,5 % - 1%
Risk-Reward: 2,56
...
