Gbp/Nzd (Back To 2.04000... and then maybe down)
Gbp/Nzd (Like Most Other Pairs At The Last Day Of The Month) is trading around a level of PSYCHOLOGICAL RESISTANCE at 2.04000
Friday , Gbp/Nzd touched this area and started to move down a little , but not too much!!!!
So the idea would be to WAIT!!! You should not actually be looking for a sell anyway in the strong uptrend!!!!
But if your looking for a PULLBACK SELL IDEA , I would wait for price to touch 2.04000 again ... AND STILL NOT PUSH SELL!!!!!
After price touches 2.04000 and my Short Term Trend Indicator says sell , I may open a sell for scalping purposes only and close the trade whenever I feel like it....
Then I will wait for a confirmed downtrend and then Sell!!!!
Friday , Gbp/Nzd touched this area and started to move down a little , but not too much!!!!
So the idea would be to WAIT!!! You should not actually be looking for a sell anyway in the strong uptrend!!!!
But if your looking for a PULLBACK SELL IDEA , I would wait for price to touch 2.04000 again ... AND STILL NOT PUSH SELL!!!!!
After price touches 2.04000 and my Short Term Trend Indicator says sell , I may open a sell for scalping purposes only and close the trade whenever I feel like it....
Then I will wait for a confirmed downtrend and then Sell!!!!
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