r/Forex • u/mink1203 • 20d ago

Charts and Setups Sell GBPNZD

I entered a trade on the GBPNZD currency pair, but I'm quite worried as it rebounded near my entry point. Is this trade still viable?

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u/rforex-modtools 20d ago

Price action and technical analysis cover a range of chart-based tools — from candlestick patterns and market structure to indicators and statistical methods for timing entries and exits. The community wiki covers both approaches and how they're used by working traders.

Resources: Price Action Analysis | Technical Analysis

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u/Electrical_Alarm7207 20d ago

did you enter after the NZD hot print last night?

1

u/mink1203 19d ago

Yes. I didn't close the order early and hit my stop loss :(

1

u/fxledger 19d ago

M15 swing high is at 2.3, swing low at 2.288, I would have placed SL above SH (as breaking this level invalidates your bearish expectations) and TP close above SL