GBPNZD analysis 20-02-2018

GBPNZD analysis 20-02-2018

GBPNZD analysis 20-02-2018

* Prediction : Trend is Up.

1 Time Short-Term Trade:

* 1st Position : Buy GBPNZD around 1.9014,0

* Stop Loss(S/L) around 1.8935,0

* Take Profit(T/P) around 1.9149,0 - 1.9349,0

Continous Trade:

* 1st Position : Buy GBPNZD around 1.9014,0 ; Take Profit(T/P) around 1.9149,0 - 1.9349,0

* Sell Stop around 1.8935,0; Take Profit(T/P) around 1.8869,0(If the Sell Stop Hit)

If The Market Price Go Down:

* 2nd Position : Buy Limit GBPNZD around 1.8869,0(This 2nd position will hold the floating +/- 200 point if the market price still drop)

* 3rd Position : Buy Limit GBPNZD around 1.8669,0(This 3rd position is Averaging if the market drop from 2nd position) ; Take Profit(T/P) around 1.8869,0

If The Market Price Go Up:

* 2nd Position : Sell Limit GBPNZD around 1.9349,0

Support And Resistant Modified:

Support:

Support 1 around 1.8949,0

Support 2 around 1.8938,0
Support 3 around 1.8895,0

Support 4 around 1.8845,0

Support 5 around 1.8697,0

Support 6 around 1.8615,0

Resistant:

Resistant 1 around 1.9080,0
Resistant 2 around 1.9094,0

Resistant 3 around 1.9109,0

Resistant 4 around 1.9142,0

Resistant 5 around 1.9149,0

Resistant 6 around 1.9380,0

Resistant 7 around 1.9451,0

The above is an analysis and It could be wrong. Stop Loss moves can change over time. Be wise with your money management and strategy. Set your trading plan before entering the market. Everything is in 2 sides. The best and worst side. And plan well. All things have a solution. Use the information above at your own risk. FxMax will not responsible if there is a loss.

I hope it will be useful, Good Luck, & Have a nice day

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