Sell opportunity for GBP/NZD

Short

British Pound / New Zealand Dollar (FOREXCOM:GBPNZD)

FOREXCOM:GBPNZD British Pound / New Zealand Dollar

Price reached a strong daily resistance structure. It formed double top formation on 1H chart and RSI shows the pair is way overbought. We could expect it to drop.

Time Frame 4H Chart
Best entry around 1.9940
Take Profit 1: 1.9890
Take Profit 2: 1.9800
Take Profit 3: 1.9700
Stop Loss 2.0000

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