gbpnzd h8 short sell from resistance tp 2.0300
Updated
🔸Hello traders, let's review the 8 hour chart for GBPNZD today. Expecting reversal
after we hit strong overhead resistance at 2.0900. currently risk/reward shifted
in bears favor.
🔸previously V-shape recovery completed at 2.0900, however right now bears
will likely take over in this market. below bears will target mirror s/r level
at 2.0300. strong risk/reward on sell side now.
🔸Recommended strategy for GBPNZD bears: short at market / short sell any rips
and rallies towards resistance, SL 80 pips TP1 +200 pips TP2 +400 pips. swing trade
setup, so naturally will take more time to hit TP. good luck, traders!
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Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
after we hit strong overhead resistance at 2.0900. currently risk/reward shifted
in bears favor.
🔸previously V-shape recovery completed at 2.0900, however right now bears
will likely take over in this market. below bears will target mirror s/r level
at 2.0300. strong risk/reward on sell side now.
🔸Recommended strategy for GBPNZD bears: short at market / short sell any rips
and rallies towards resistance, SL 80 pips TP1 +200 pips TP2 +400 pips. swing trade
setup, so naturally will take more time to hit TP. good luck, traders!
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
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