GBPNZD Short Trade Setup

2019-11-01 19:01:20

Hello Traders

After it broke the daily top, it has come down. The last top can be the end of the correction and if it so, it will drop like a rock. That's why I'm looking for short trade setups. But of course, it can also make a correction over the uptrend and keep going up. We will see that part. For now, I'm waiting for an up impulse for the completion of the correction to place a pending order under the last bottom with SL over the trendline. But it will be SL for 200 pips which is not ideal. I hope it will give us a nice reversal pattern at the top. So we can have a better trade.

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Trade with care.
Bulent