See daily chart of GBPNZD below for the discussion that follows.
GBPNZD recently broke resistance….so I’m biased to the long side. But, I need a retest of support (previous resistance) plus price action / candlestick confirmation (as per my strategy) before I will go long.
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.