I would like to share with you the recent trade that I took two days ago short on GBPNZD and the reasons that I look this trade.
My main reasons were:
Due to the above reasons, I took the trade short
My main reasons were:
- GBPNZD approached a historically high level on the Weekly chart which is considered as a sell zone.
1.The pair was unable to break that level and formed a triple top on the weekly chart.
On the daily chart, it created H & S near a strong resistance level.
On 4H it formed a double top and key reversal on 15th May 2023.
Due to the above reasons, I took the trade short
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