Paun British / Dolar New Zealand
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GBPNZD FX TA: Guidebook For Trading The Rally

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After looking short on the current GBPNZD rally we need to identify future exits.

This is best done normally on higher TFs due to extreme rallies.

Price stretches out a lot and it looks very much clearer.

Here's a full demo.
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Mainataining shorts for further falls.
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Out on further falls.
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Not reshorting until circa 21375
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Almost at reshort zone.
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Expecting further falls. Re entered lightly short.
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Light shorts again appropriate.
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Still holding shorts.
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Exiting shorts circa 2098 Re longs same point.
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Reshort area hit.
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Still RE shorting highs.
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Lock in short gains. Not looking long until further falls (key support via higher TFs)
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maintaining short bias on weak push into early resistance. Longzone still the same lower.
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Still in shorts. Exit circa 2.10 remains.
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Entered Long.

Penafian

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