GBPNZD Nice risk/reward ratio

Some pretty strong resistance in the 1.89830 price region for . This has been further supported by a consistent down trend throughout March (red trend line).

Not

Both currencies are expected to trade sideways (based of fundamentals), so its fairly likely the resistance will hold

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I'm waiting for the 4H candle to close (in 12 minutes) before I open a position

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Selling at 1.89590
SL: 1.89930
TP: 1.88200

İşlem aktif

Pretty trash entry price because I waited for the 4H candle, but lets see how the trade plays out and just learn from it

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Resistance broke, also should have entered earlier to reduce loss

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After reviewing the trade, I think drawing the red trendline was a mistake because a new high wasn't confirmed. I should have also entered the trade earlier to minimize losses. However, I remain bearish on this currency pair.

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Might enter a short position if we get a bearish engulfing candle

UnknownUnicorn32021811

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.