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GBPNZD [1-3 days view]

64
Short GBPNZD
Entry: 1.90535
SL: 1.91
TP: 1.855


Entry was triggered overnight due to the spike, which also coincided with the pullback towards the descending trendline resistance.

  • Now market reacting below the descending trendline.
  • Bearish divergence noted on 21 period RSI
  • RSI also reacting below descending trendline resistance where market reacted in the past.


Because of the quick move in my favour, i moved my trailing stop lower to protect profits and this trade is now risk free.
Dagangan ditutup: hentian tercapai
Trailing stop taken out. Trade closed. (+3 pips)
Will look again to re-enter if there are no changes to the technical elements

Penafian

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