GBPNZD IN SELL ACCUMULATION Swing me baby

5 Mar 2019

I see that we have broken the weekly neckline and consolidated back up in a bearish flag. I believe this will be a good long term swing sell. On lower frames we have a head n shoulder break low with a retest twice currently happening. first had a hard reject on the hourly with a slower climb back up. We are seeing resistance in this smaller flag formation. It is possible for one more up movement but if so I am still holding and will add into positions. I hope you enjoy my idea!

Entry: Now unless it breaks flag hourly flag up then enter or re-enter another position after you see an hourly reversal. Do not add if you have a small account. This is a swing trade so use small lots.

SL:
TP1: 1.925
TP2: 1.900
TP3: 1.8650

LONG TERM
TP4: 1.8200
TP5: 1.7900

8 Mar 2019

Not

TP 1 HIT

12 Mar 2019

Not

TP2 HIT