DislikedI'm kinda new in this pair. But after got some solid indicator, I decided to join here to tame this beautiful beast Just closed my long for 10 pips open short @1.9800 aim for 1.97500. Tight SL @1.98300 will move to BE after got 10 pips minimumIgnored
as you can guess tight SL's mostly get hit by volatility/agressive price action
but rangebound trading with huge % / lots of pip make GBP/NZD a please to trad...
target necklines on higher TF,
reversals are guessable (even if you are false, you are prepared)
- I use 21, 34, 55 MA on 1d/4h TFs
- after 55 days MA is broken, I enter the trade @ 1h TF
- on D1 if I see a huge candle I aim for %60-70 retracements to opposite side (if R:R is huge for example / enter from neckline)
wish green, hope you stay forever