Day trading strategies on currency pair GBPNZD 11-08-2016 by AzaForex forex broker, currency trading

Considering trading in the forex markets check out these tips.
What a holiday! All our short positions, which we opened on GBP to all currency pairs are now in profit. Stop Loss moved to break-even level and now, we either earn good on the continuation of this downward trend or earn some. But in any case, it is good to know, that in many positions we risk nothing. Only competent management of equity and cool mind to hold already open positions, are really the most important things in stock exchange speculation. There were lots of temptations to get out of a position in an easy plus, or almost close to zero, when the price was at the entrance point. But we hold all the temptations of the forex market and continued trade, in accordance with the pre-defined trading plan. There is a unique opportunity to enter a short position on the currency pair of GBP and NZD now. Considering that fundamental and technical analysis of the market is on our side, we can try to go into a short position of the currency pair, because it is not just on the level of support. Now we see the historic minimum of the graph. If prices continue to fall it will be impossible to stop it. Such situations are not often seen in the currency market, and as a rule, they are always giving good profit to investors.

The price is below a simple moving average 200 MA and 20 MA indicating bearish trend.
The MACD trend indicator is below zero level now, indicating bearish movement.

If the support level is broken you can use the following recommendation:
•    Chart timeframe: H4
•    The trade recommendation: Sell
•    The level of entry into short position: 1.7660
•    The level of profit and close the position: 1.7100 (560 pips)


Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.2930

Forex currency pair EURUSD 
Possible bullish movement in the breakout of the resistance level 1.1190

GOLD
Possible bullish movement in the breakout of the resistance level 1357
 
Forex currency pair USDCHF
Possible bearish movement in the breakdown of the support level 0.9725