PropSignals

GBPNZD Trade Short

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FX:GBPNZD   英鎊 / 紐元
I would like to share with you the recent trade that I took two days ago short on GBPNZD and the reasons that I look this trade.

My main reasons were:

  • GBPNZD approached a historically high level on the Weekly chart which is considered as a sell zone.

    1.The pair was unable to break that level and formed a triple top on the weekly chart.

    On the daily chart, it created H & S near a strong resistance level.

    On 4H it formed a double top and key reversal on 15th May 2023.

Due to the above reasons, I took the trade short

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