GBPNZD - Bearish Continuation Trade

31 oct 2021

In this video we're going to take a look at a bearish continuation setup on the GBPNZD. The idea behind this trade follows my 4-step I.P.D.E. process of Identifying what price has recently done & then using that knowledge to make a prediction of what direction are we likely to continue in next & IF we do continue in that direction THEN where is the next level that we're likely to run into trouble at.

In today's example the I phase was a previous level of structure support that was recently violated along with the reading of the last days candle. The P section used structure recognition, harmonic moves & psychological numbers to dial down on a target location.

I hope you guys enjoy the video, I hope it's informative & most of all i hope that you have a positive week on your trading journey.

If you have any questions, comments or just want to share you idea, please feel free to do so below.

Akil