MOVES Trading Weekly Outlook: GBPNZD: Short
A trade AGAINST the UP TREND.
The current UP MOVE on this pair has started since 6 days with no signs yet appearing for the next DOWN MOVE, however, price is reaching to a prior top and might break it up for minutes/hours. I will sell this pair from a higher high hopefully I can catch the DOWN MOVE from its early beginning. It is essential to move your trades to break even on this pair.
A hint: If price first moves higher by tomorrow, sell from higher high or near the prior top. Use the 1H chart to join the third bearish candle.
MOVES Trading is a new strategy benefiting from both UP & DOWN MOVES with the ability to determine TOPS and BOTTOMS for each MOVE depending on moving averages, trend and price action.
The current UP MOVE on this pair has started since 6 days with no signs yet appearing for the next DOWN MOVE, however, price is reaching to a prior top and might break it up for minutes/hours. I will sell this pair from a higher high hopefully I can catch the DOWN MOVE from its early beginning. It is essential to move your trades to break even on this pair.
A hint: If price first moves higher by tomorrow, sell from higher high or near the prior top. Use the 1H chart to join the third bearish candle.
MOVES Trading is a new strategy benefiting from both UP & DOWN MOVES with the ability to determine TOPS and BOTTOMS for each MOVE depending on moving averages, trend and price action.
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