GBPNZD H1 SHORT PRICE ACTION FORECAST

With price action trading within a rising channel under bearish pressure, the high probability of a breakout under seller pressure is more likely. With a sell-stop entry to get into the trade will do the work in case the breakout happens.

In H1 is noted the strong double top formed by the price action, together with a bearish MACD, to give some support to the bearishness into the British pound.

S/L: 100 pips R:R | 1:3 T/P is aimed towards a previous support level form D1.

Trade active

Ptah clear heading to T/P, half position claimed and S/l moved to BE

Trade closed: target reached

T/P level reached

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