GBP/NZD is in an overall INTERMEDIATE UPTREND (see 3 to 4 on chart) with a MINOR DOWNTREND (see C to D on chart) currently taking shape.
Quick SHORT SELL recommended with resistance expected at 1.88600
Recommended Entry
Immediate SHORT once market opens on Monday since 1M, 5M, 15M, 45M, 1H is currently in a downtrend.
Take Profit
Take Profit at around 1.88600
Stop Loss
Stop Loss at around 1.89201
Good Luck – Trade Responsible
Use 1% risk per Position!
(Remember to add a few pips to all levels - different Brokers!)
Quick SHORT SELL recommended with resistance expected at 1.88600
Recommended Entry
Immediate SHORT once market opens on Monday since 1M, 5M, 15M, 45M, 1H is currently in a downtrend.
Take Profit
Take Profit at around 1.88600
Stop Loss
Stop Loss at around 1.89201
Good Luck – Trade Responsible
Use 1% risk per Position!
(Remember to add a few pips to all levels - different Brokers!)
Trade closed: target reached:
Target reached, TP activated with $324.04 profit
Comment:
Possibility to look at BUY since this trade was against the normal uptrend