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ForexNChill

Potential Reversal Zone for GBPNZD

Short
British Pound / New Zealand Dollar (FX:GBPNZD)  
ForexNChill Updated   
FX:GBPNZD   British Pound / New Zealand Dollar
Trend Analysis Chart Patterns
4
1
trendanalysis chartpattern
Price testing previous resistance at a major Daily Demand Zone
Enter a SELL market execution @ 1.95415

TP1 1.93830
TP2 1.93280
TP3 1.92450
TP4 1.91500

Risk is 65 PIPS
Reward is 465 PIPS
Comment:
CORRECTION: TP1 should have been 1.94830 (38 retracement on the Fibonacci), of about 141 pips. (I made a typo). That TP has been hit. We then saw retracement and now a continued down trend. Again, never markup while sleepy.
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