GBP/NZD Short Trade

6 Nis 2020

Learn from the Chart :)

6 Nis 2020

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So this is how i analyse this chart.

The price was in a downtrend , making Lower Highs & Lower Lows which indicated the strength of a downtrend .

The top 4 candles with long lower wicks aditionally confirm that price is trying to go down , so i have had the feeling that price is going to break the support and touch the bottom trend line which is the point where you Take Profit.

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Good luck !