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CollegeofPips

GBP/NZD | Potential Upward Movement

Long
British Pound / New Zealand Dollar (OANDA:GBPNZD)  
CollegeofPips  
OANDA:GBPNZD   British Pound / New Zealand Dollar
Support and Resistance Fibonacci Supply and Demand Forex Technical Analysis priceaction fakebreakout Fibonacci Retracement topdownanalysis
11
4
supportandresistance fibonacci supplyanddemand forex technicalanalysis priceaction fakebreakout fibonacciretracement topdownanalysis
💡 Trade Idea

📈 Buy Stop GBP/NZD @ 1.9077

🎯 Target Profit 1.9244

🛑 Stop Loss 1.8994

❌ Do not risk more than 1 % of your account on each trade

🙂 Good Luck !

Description: The pair is ranging within a bearish channel and it showed a double bottom indicating a potential reversal. The price now is sitting around the neckline and there is a high probability to see the price shooting to the upside.

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