GBP/NZD Sell Position.
Updated
Market has broke and closed below short term support 2.0422.
I can see a sell signal.
The RR ratio is 1:1 if we look for first target i.e: 2.0304
If the market closes below the first target successfully then next target may also be achieved.
The R:R is not impressive but the market move seems strong that is why I have posted my analysis.
Simple chart without indicators.
Stop-Loss and Take Profit levels are shown in chart.
Good-luck.
Please note that this is based on my own technical analysis and is not a trading advice.
I can see a sell signal.
The RR ratio is 1:1 if we look for first target i.e: 2.0304
If the market closes below the first target successfully then next target may also be achieved.
The R:R is not impressive but the market move seems strong that is why I have posted my analysis.
Simple chart without indicators.
Stop-Loss and Take Profit levels are shown in chart.
Good-luck.
Please note that this is based on my own technical analysis and is not a trading advice.
Note
There is a typing Error in Post.Correct Levels are:
SELL Entry @ 2.0309
Stop-Loss @ 2.0704 +spread
Target@ 1.9887
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