GBPNZD: Buying Opportunity from Support Zone
What do you think about such a long trade? The price bounced from the support zone and moved above SMA20. If the market can move upward, we should try to catch that movement. The breakout above SMA50 will give us a buy signal.
Here is an example of a possible long trade:
Buy above 1.92750
Stop below 1.90950
Take Profits are at SMA200 and 1.99500
Risk per trade must be no more than 1% of the capital.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Here is an example of a possible long trade:
Buy above 1.92750
Stop below 1.90950
Take Profits are at SMA200 and 1.99500
Risk per trade must be no more than 1% of the capital.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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