Gbpnzd has been down about 2 months, it means we had big strength from nzd without any pullback.
Now nzdusd has reached super resistance and now it's reacting , it means if nzdusd is going short , gbpnzd its directly concerned from nzdusd pair and gbpnzd will go long.
We can find here a good position for long at :1.88000 with a stop loss at :1.87000 and profit target reward 1:6x2 at price 1.93500.
Now nzdusd has reached super resistance and now it's reacting , it means if nzdusd is going short , gbpnzd its directly concerned from nzdusd pair and gbpnzd will go long.
We can find here a good position for long at :1.88000 with a stop loss at :1.87000 and profit target reward 1:6x2 at price 1.93500.
Comment:
Comment:
Trendline is broken, we need to wait for pullback and then we can buy gbpnzd
Comment:
+370 pips, take some profit.
Trade closed: target reached:
+500 pips