GBP/NZD - Potential Short
- Price currently bouncing between two levels in a descending channel, a bearish indication as price has reached the resistance of the channel
- Look for a clear sign of rejection and close of the 1hr/4hr candle's, to then enter a short to the bottom of the channel
- Potential 157 pips for grabs with a lovely 1:6.8 ration as the tight sl is just above previous high and channel resistance
- Look for a clear sign of rejection and close of the 1hr/4hr candle's, to then enter a short to the bottom of the channel
- Potential 157 pips for grabs with a lovely 1:6.8 ration as the tight sl is just above previous high and channel resistance
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.