GBPNZD Short Setup H1
On this pair, we have a price that is located at 1.9830 within a really strong demand zone. Using the Forex48 strategy, I have identified a supply zone around 1.9940, within which a bearish setup has formed. As you can see, I have marked my entry point in yellow. So, to summarize, I will wait for a price bounce in the 1.9940 area, after which I will open a short trade with a target of 1.97.
Let me know what you think.
Happy trading, everyone.
Forex48 Trading Academy
Let me know what you think.
Happy trading, everyone.
Forex48 Trading Academy
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📊 FREE Watchlist: forex-48.com/free-watchlist
📚 FREE Course: forex-48.com/free-education
🤑 FREE Signals & Setups: t.me/Forex48TradingAcademy
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