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GBP/NZD POSSIBLE SETUP H1 - SHORT TRADE

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Regarding GBPNZD, we have a bearish market with a very strong New Zealand dollar after negative data on AUD overnight. Currently, the market is retracing towards 2.0550, where we have a forex48 block, our personal strategy. In this area, it will be crucial to wait for a confirmation on the M15 chart before entering a short position with a target at 2.0495. Let me know what you think. Greetings from Nicola, the CEO of Forex48 Trading Academy.

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