See daily chart of GBPNZD below for the discussion that follows.
GBPNZD broke support this past week. I will be looking to short at resistance (prior support) if we get a bounce. For me to consider entering I will need to see bearish price action/ candles (confirmation).
Remember, always have your own trading plan and never follow other people blindly. Always know where you will be proven wrong on any trade and have stops in place. Stick to your stops and never bet the farm.
On Ideas: Please don’t take this as trading advise. Please do your own due diligence before entering any trade. Also see Disclaimers.
Thanks for reading.