GBPNZD POTENTIAL SHORT OPPORTUNITY
Updated
This zone was a strong support previously and now it will be a resistance.
The RSI is extremely oversold. I expect this pair to retrace.
My stop loss will be slightly above 1.80000
My first target will be at 1.74000
Second target will be at 1.72000
The RSI is extremely oversold. I expect this pair to retrace.
My stop loss will be slightly above 1.80000
My first target will be at 1.74000
Second target will be at 1.72000
Trade closed manually
I suggest to close this trade manually. It seems like the pair is forming a pennant bullish pattern. so I will wait for the bullish breakout and buy.I will publish a separate idea for this pair.
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