Short

GBPNZD Good Short Opportunity

Updated

GBPNZD Good short Opportunity
1.Channel Resistance
2. Crab Pattern
3 . Overbought Conditions

CMP:- 1.9928
SL :- 2.0025
TGT - 1.97825

EnJOY thanks

Note

15 Minutes Time frame has a bearish Cypher formation so will go down

Change SL to 1.9940

Note

GBPNZD went as low as 1.98365
we can change SL to our original 2.0025 as there is NZD economic data in 2.5 HRS and it may be volatile at that time so we don't want our stop loss to be hit by that spike incase to be safe. also close Trade at TGT 1.97825 as there is also GBP Data coming up which could strengthen the GBP. as Long

Note

looks like a possible scenario

Trade closed: target reached

Note

2ND Target is 1.9690 in short term

Note

We reached a low 1.9672

Enjoy guys

moneymunshi

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