A GBNZD short trade idea
Price moved to a level of previous price around 2.0734 on the 4H timeframe where there was a reaction.Upon getting to the rectangle(area of previous price), price stalled for sometime and then there was a bearish candle dropping from the rectangle that shows bearish momentum.So i took an entry around 2.0639 and stop loss was placed at 2.0689,whilst take profit si 2.0351(area of prvious support).In any ways lets see how it goes.
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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.