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GBPNZD BUY

by Daniel L, October 19, 2022

GBP/NZD H1 Continuation

by Daniel Leutle October 19, 2022

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GBP/NZD

|

Long

|

H1

Timeframe:

H1

Analysis Method:

Continuation

Analysis:

Yesterdays buyers who exit trade at ECB’s Schnabel Speaks speech may re-enter Buy orders today.

Trade Plan:

based on current data I only executed 1.5R if i get stopped i may consider re-entry after NY open only if price is holding above 1.97328 zone

Risk Management:

initial 1.5R with possible adding depending on price development around NY session if position still open.

Things To Watch For:

exit manually 30 minutes before speech

LEAVE YOUR COMMENT HERE:

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  1. Closed some profits before speech yesterday and exit the position. Buyers did not drive the price up. A discount is again present for potential buy. Probably to take off in NY session. my full focus is on this pair.

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