GBPNZD H4 : break down + retest of 200 SMA.

stephane

Private, 1st Class
Messages
114
GBPNZD is a wild beast with a 330 pips daily range, and usually quite a large spread/commission. It is not easy to trade.

It has broken down the H4 200 SMA currently around 2,41. A 61,8 fib line is also located there.

I will watch for a confirmation of the break down on H4 to enter short. My take profit will be around 2,38, that is slightly above the H4 0,786 fibo support.

GBPNZD_H4.png
 
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