GBPNZD Nice risk/reward ratio

2022年4月7日

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

2022年4月7日

注释

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

2022年4月7日

注释

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

2022年4月7日

注释

Selling at 1.89590
SL: 1.89930
TP: 1.88200

2022年4月7日

交易开始

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

2022年4月8日

注释

Resistance broke, also should have entered earlier to reduce loss

2022年4月8日

注释

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.

2022年4月8日

注释

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