mleader1

a simple although risky long setup

Long
GBPNZD has experienced drama downfall in the past few days, I expect a correction needed in the current falling wedge alike channel.

it attempted to reach 1.9487 and bounced back up in multiple occasions in the past few hours, which make it a valid support considering it was also strong demand area in the past.

SL: below 1.9487

TP: fib based

RISKY. and I only put a small lot size in. You can consider a lower SL if you believe price will go higher instead of falling further.

GL
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