GBP/NZD SELL
POTENTIAL TRADE: GBP/NZD
Short positions look appealing in this currency pair. As we have observed in the past, price appears to be rejecting the 2.050 level. This currency pair appears to be stuck within this range. Stops should be placed above the green region. Buyers don't have enough strength to push price above the zone of resistance. There have been three unsuccessful attempts so far.
ENTRIES - 2.05
STOPS - 2.060 (100 PIPS)
TARGET - 1.950 (950 PIPS)
Short positions look appealing in this currency pair. As we have observed in the past, price appears to be rejecting the 2.050 level. This currency pair appears to be stuck within this range. Stops should be placed above the green region. Buyers don't have enough strength to push price above the zone of resistance. There have been three unsuccessful attempts so far.
ENTRIES - 2.05
STOPS - 2.060 (100 PIPS)
TARGET - 1.950 (950 PIPS)
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