GBPNZD 4 hour long trade

Randy BalcomTrades0 Comments

Here is the rational for this trade:

  • The weekly has fallen off the cliff and is due for a small retracement.
  • The daily is showing oversold on the MACD BB
  • The 4 hour is forming a double bottom. See lesson on double bottoms

Only take this trade if price holds above 1.8624!

 

 

 

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