British Pound / New Zealand Dollar
Short
Updated

GBPNZD SELL SETUP

1424
The GBPNZD has been in an extended uptrend for some time. However, it has now formed a double top and a rising wedge pattern, both of which respect the existing uptrend line. These formations suggest that a bearish reversal may be imminent.

As always we only share SWING setups
TP and SL are marked
No over risk
Once the trade is in 70 to 100 pips in profit. Move SL to breakeven
Trade active
Holding. Drop is coming
Trade active
100 pips in profit.SL to breakeven
Trade active
150+ pips in profit. Secure some
Hold to TP1 2.0950
Trade active
200 pips Done
Trade active
250 pips in profit. Move SL to 2.1500
Trade active
450+ pips in profit. Secure half
Trade active
600 pips in profit.

100 more left to target
Trade closed manually
Bullish structure observed

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