GBP/NZD BUY TREND
the GBP/NZD pair on the 3 hour time frame presents a potenial buying..
It looks like you're considering a GBP/NZD buy trade at 2.20780, with:
1st Support: 2.2170
Last Support: 2.23882
Stop Loss: 2.20320
Quick Analysis:
Your stop loss is quite tight (only ~46 pips below entry). If volatility increases, you might get stopped out quickly.
First support at 2.2170 suggests you're expecting the price to rise soon.
Last support at 2.23882 seems like a target/resistance level.
Considerations:
Check for economic news (NZD and GBP data releases) that could impact the pair.
Assess the risk-reward ratio before entering.
Watch for confirmation signals (bullish price action, momentum indicators).
Do you have a specific timeframe for this trade?
It looks like you're considering a GBP/NZD buy trade at 2.20780, with:
1st Support: 2.2170
Last Support: 2.23882
Stop Loss: 2.20320
Quick Analysis:
Your stop loss is quite tight (only ~46 pips below entry). If volatility increases, you might get stopped out quickly.
First support at 2.2170 suggests you're expecting the price to rise soon.
Last support at 2.23882 seems like a target/resistance level.
Considerations:
Check for economic news (NZD and GBP data releases) that could impact the pair.
Assess the risk-reward ratio before entering.
Watch for confirmation signals (bullish price action, momentum indicators).
Do you have a specific timeframe for this trade?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.