GBPNZD Post news trade Short + 188 Pip Potential

By AGold54
Updated
Following the positive reaction to the NZD interest rate decision where they kept the interest rate the same, when a cut was expected, coupled with the negative UK CPI . We have the potential for a great continuation to the downside.

Entry = 2.0124
Stop = 2.0144
Risk = 20 pips
Profit target = 1.9936 (the Daily KS)
Reward = 188 Pips
RRR = 9.4-1
Once this trade is up + 20 pips, move your stop to breakeven and let it run.

I would appreciate if you leave a comment or like as a thank you

Allen

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Trade closed manually
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