Hey Traders
I opened a buy trade on the GBPNZD today, here are the details and why I took the trade.
Ideal entry - 1.9223
My entry - 1.92456 SL - 1.9224 TP - 1.9346
Trade rationale - I strongly believe that this pair is in bear sentiment, however if you take a look at the 4hr TF, PA seemingly not interested in moving pass 1.9224 just yet. Therefore I believe it will move up from this area to retest maybe daily structured resistance 1.94300 then resume bearish sentiment.
I opened a buy trade on the GBPNZD today, here are the details and why I took the trade.
Ideal entry - 1.9223
My entry - 1.92456 SL - 1.9224 TP - 1.9346
Trade rationale - I strongly believe that this pair is in bear sentiment, however if you take a look at the 4hr TF, PA seemingly not interested in moving pass 1.9224 just yet. Therefore I believe it will move up from this area to retest maybe daily structured resistance 1.94300 then resume bearish sentiment.
