GBPNZD Short Term Sell Opportunity forming

3
537
GBPNZD Short Term Sell Opportunity forming

Hi Traders! We have a GBPNZD Short Term Sell Opportunity forming. This is a short term trade based on a H4 chart range that the price is currently trading inside. Keep in mind that our main direction is still up, and thus If we get a setup we should be trading it with smaller risk than usual. Besides the potential risk:reward here is good.

GBPNZD H1 Chart:

Ideally we want to see the price reaching the top of the range (rectangle) around 1.7850. Then we want to see a break below the trend line. We are however already in a good zone (61.8%) so if the breakout happens here, we can still take it.

GBPNZD Short Term Sell Opportunity forming

Invalidation – if the price breaks above the range, before we get triggered, remove the idea.

 

You can get more trade ideas by joining my club for free now. You can enroll today here:

GBPNZD Short Term Sell Opportunity forming
Also you can get one of my strategies free of charge. You will find all the details here

 

Yours,

Vladimir

SHARE

3 COMMENTS

JOIN THE CONVERSATION - I ALWAYS REPLY (VLADIMIR)

Please enter your comment!
Please enter your name here