GBP/NZD market analysis
Updated
the direction of price movement is trading downwards, we see a pattern of lower highs and lower lows being formed. price has respected our fib region, broken the trendline and retested, therefore we could expect further downside to targeted regions.
risk/reward ratio 1:2
risk/reward ratio 1:2
Trade closed: target reached
TP was comfortably hit
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