GBPNZD Short Trade Setup *TREND & FIB COMBO*
Updated
Bearish trendline holding strong with 3 rejections now. I will look to go short on the 4th touch of the TL around the 1.96420 area where the fib 0.786 retracement level also sits.
Stop loss comfortable above the TL and targeting a new lower low at 1.93200
Potential for nearly 6:1 RR
Stop loss comfortable above the TL and targeting a new lower low at 1.93200
Potential for nearly 6:1 RR
Comment
Awaiting price to reach my entry zone first.Trade closed: target reached
TP1 reached
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