Hello friends,
This is my idea for GBPNZD pair.
Recently, price pushed up to very strong resistance 1.90000 and make a false break out. This give us a very good opportunity to short this market.
Remember, the main trend line is bearish for GBPNZD. This is a very high risk reward trade and it has potential to move even further down.
Sell order should be below 1.90018
Stop loss above 1.90573
TP 1 and TP 2 base on the chart/ You can use Fibonacci to slowly take profits out and move your stop loss along the way to protect your account.
This is educational analysis, please do your own research before start trading.
Good luck
Leave a like and comments if you are agreed with my ideas,
Thanks for your supports
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