GBPNZD at a decision point break up or bounce back
GBPNZD are trading in what i choose to see a bearish expanding channel.
And we are currently at the roof of that channel.
Piphunters are looking to short if we see intraday trendchange with the intention of turning this intraday day trade to a nice(we hope) swing trade. With a target at almost 2000 pips ( in the best of worlds :))
We are looking to short when M10 shows a reversal, Norse style (EMA12/36 crossover and a new lower high)
We are entering 3*lotsize with SL at previous support level +5-10 pips
TP1:Same size as SL
TP2:2*SL
TP3: keep as a swing.
We could add position when we see a 4H trend change (also Norse style)
That is The Hunters view of this trade.
Happy pipin'
And we are currently at the roof of that channel.
Piphunters are looking to short if we see intraday trendchange with the intention of turning this intraday day trade to a nice(we hope) swing trade. With a target at almost 2000 pips ( in the best of worlds :))
We are looking to short when M10 shows a reversal, Norse style (EMA12/36 crossover and a new lower high)
We are entering 3*lotsize with SL at previous support level +5-10 pips
TP1:Same size as SL
TP2:2*SL
TP3: keep as a swing.
We could add position when we see a 4H trend change (also Norse style)
That is The Hunters view of this trade.
Happy pipin'
