A short trade opportunity has just presented itself on the GBPNZD trading chart!
This is evident from the bearish inverted pin bar candlestick which closes just below the 1.94773 daily horizontal resistance level and signals a rejection of the price level.
A stop at 1.95186 (about 45.1 pips) and a target at 1.92400 (about 233.5 pips) could see you in the region of a 5.18 reward-to-risk ratio.
As always, "Look first, then leap."
Happy trading!
Your FX Plug
This is evident from the bearish inverted pin bar candlestick which closes just below the 1.94773 daily horizontal resistance level and signals a rejection of the price level.
A stop at 1.95186 (about 45.1 pips) and a target at 1.92400 (about 233.5 pips) could see you in the region of a 5.18 reward-to-risk ratio.
As always, "Look first, then leap."
Happy trading!
Your FX Plug