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Gbpnzdbuy

GBPNZD, daily tf, 10-months descending trendline breakout (2)Hello my friends, I posted about this position at February 9th when i took buy positions. Price now reaching an area of conflunce resistance consisting of horizontal resistance and EMA-200. I've decided to closed my buy here first and booked +280 pips profit. I will be looking to reenter buy again later if price managed to close above 1.9330 on a daily candle. My GBPAUD also now floating +100 pips and i am still holding. I am planning to take profit once price reached 1.80xx area. IF you took both trades with me, you should be in profit as well
Long
by HayatoDragonFX
1
GBP/NZD Breaking OutThis now looks to be breaking above resistance. I said this was happening a couple of days ago but I jumped the gun slightly, hopefully if you opened the trade then you are still in. Now want to see this stabilise above resistance and possibly retrace to test it as support. If you are not in this trade then I suggest waiting for a retrace to support before longing. Could see some resistance at 1.93237, but target is 1.98013 Providing we see this close above resistance and support holding on a retrace then SL can be around 1.90600
Long
by olly48
1
GBPNZD, daily tf, 10-months descending trendline breakoutHello my friends, Another pair to trade for today is GBPNZD. You can see price finally broken above the 10-months descending trend line which has acted as resistance. This could become the beginning for GBPNZD to begin it's journey to the upside. On the way up, i will look to add more position as price making a continuation pattern. Buy GBPNZD 1.9050 Stop loss 1.8850 Take profit 2.0270 (6.1R) Use only 1-2% risk Good luck
Long
by HayatoDragonFX
1