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Sell as a continuation trade

by Saul L, February 3, 2021

GBP/NZD H1 Supply and Demand

by Saul Lokier February 3, 2021

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GBP/NZD

|

Short

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H1

Timeframe:

H1

Analysis Method:

Supply and Demand

Analysis:

GBPNZD had a significant drop yesterday of 150 pips, this drop down created a new supply above that i marked in a red shape, it seems like a great continuation level for sell position, I’ll sell at this level on the first touch of the price, the target will be the demand below marked in blue shape

Trade Plan:

Sell at the first touch

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