Possible downward continuation for GBPNZD
Diupdate
PAIR IN FOCUS: GBPNZD
ACTION: SHORT
2 possible routes for a Short plan:
- First route would be a direct drop from current price.
- Second route would be a further retrace higher and retest of the rising channel again before a drop.
Price has broken down from a rising channel and retested the lower bound of the channel. Expecting price to continue its breakdown towards the nearest support/resistance level @ TP 1. Observe for bearish price action before any entry.
The Entry Zone, TP Zone and Stop Loss have been indicated on the chart.
ACTION: SHORT
2 possible routes for a Short plan:
- First route would be a direct drop from current price.
- Second route would be a further retrace higher and retest of the rising channel again before a drop.
Price has broken down from a rising channel and retested the lower bound of the channel. Expecting price to continue its breakdown towards the nearest support/resistance level @ TP 1. Observe for bearish price action before any entry.
The Entry Zone, TP Zone and Stop Loss have been indicated on the chart.
Trading ditutup: target tercapai
TP Zone HIT! Price melted strongly into it after rejection of the rising channel in the Entry zone
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