GBPNZD Nice risk/reward ratio
Some pretty strong resistance in the 1.89830 price region for 
GBPNZD . This has been further supported by a consistent down trend throughout March (red trend line).
GBPNZD . This has been further supported by a consistent down trend throughout March (red trend line).הערה
Both currencies are expected to trade sideways (based of fundamentals), so its fairly likely the resistance will holdהערה
I'm waiting for the 4H candle to close (in 12 minutes) before I open a positionהערה
Selling at 1.89590SL: 1.89930
TP: 1.88200
עסקה פעילה
Pretty trash entry price because I waited for the 4H candle, but lets see how the trade plays out and just learn from itהערה
Resistance broke, also should have entered earlier to reduce lossהערה
After reviewing the trade, I think drawing the red trendline was a mistake because a new high wasn't confirmed. I should have also entered the trade earlier to minimize losses. However, I remain bearish on this currency pair.הערה
Might enter a short position if we get a bearish engulfing candle
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