GBPNZD Short
Analysis of GBPNZD 11/05/21
Chart seems to be in a sideways trend of consolidation, expected move downwards. Fibs applied to find level for take profit with stop less set up previous highs in consolidation. Wait for a breakout, close, retest, continuation of price before entering trade. EDUCATIONAL ADVICE ONLY.
Risk Allocation: 1%
R:R 1.7
GL
Chart seems to be in a sideways trend of consolidation, expected move downwards. Fibs applied to find level for take profit with stop less set up previous highs in consolidation. Wait for a breakout, close, retest, continuation of price before entering trade. EDUCATIONAL ADVICE ONLY.
Risk Allocation: 1%
R:R 1.7
GL
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