British Pound / New Zealand Dollar

Short

GBPNZD Swing Sell zone

Updated

GBPNZD swing sell zone (2.04524 - 2.04838)

SL 50 pips above zone - 2.05320

TP1 - 50 pips 1:1 RR
TP recommended 500 pips - 1.98700
TP Max 800 pips - 1.96670

Trade active

Price touched Daily TL
Price are now in the zone collecting PO

Note

TP1 50 pips hit from the last PO

Note

it seems price 0.204690 can be use as sell re-entry point

Note

Price keep testing R edge of the zone

Note

Well price did closed below TL
Seems promising enough

Note

Price returned to zone and dropped 120 pips

Note

Sell now hits 250 pips from last PO

Trade closed: stop reached

pheww price hit BE

GBPNZD still have 2 major zone above
Weekly & Monthly

NZD also currently weak and predicted to bounce back after March

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