Libra Esterlina/Dólar Neo-ZelandêsViés de baixa
GBP/NZD SHORT (4hr)
Atualizado
Hi all,
Looking for a short when price returns to the overhead trend line. My short term bias on this pair in bearish due to the fact we are now quickly approaching January 31st and uncertainty around the short-term outlook for the pound increases in light of Brexit - therefore I believe the fundamentals are in favour of this trade. We have further confluence added by the moving averages seen on the chart which support a short.
Although it is clear that price is being increasinly constrained between the 2 TLs there is still potential to take some pips before breakout occurs.
Our first target is the daily trend line (denoted by the first red arrow) and the purple zone (denoted by the 2nd red arrow)
Let me know what you think?
Please undertake your own analysis before taking any trades as this is just an idea.
Looking for a short when price returns to the overhead trend line. My short term bias on this pair in bearish due to the fact we are now quickly approaching January 31st and uncertainty around the short-term outlook for the pound increases in light of Brexit - therefore I believe the fundamentals are in favour of this trade. We have further confluence added by the moving averages seen on the chart which support a short.
Although it is clear that price is being increasinly constrained between the 2 TLs there is still potential to take some pips before breakout occurs.
Our first target is the daily trend line (denoted by the first red arrow) and the purple zone (denoted by the 2nd red arrow)
Let me know what you think?
Please undertake your own analysis before taking any trades as this is just an idea.
Trade ativo
TP1 hit at 30 pips Price has now returned to the TL and I will be watching to see where the current 4hr candle closes
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.