GBPNZD swing sell opportunity

  • GBPNZD

    GBPNZD has been forming a bullish trend for the last 2 months until finally reaching a solid 1M resistance level. We believe that there will be a bearish reversal from that level, a substantial formation of a bearish trend that will continue for at least a month or so until reaching TP target.

    Entry: 2.0050-2.0100
    SL: 2.0250 (at least)
    TP: 1.94
    P/L ratio: 4X

    Taking this opportunity requires holding for at least 3 weeks if not more, but with patience, the price should reach the target. If you decide to take this opportunity, always use risk management and don't risk more than 1% of your capital per position. Don't risk what you cannot afford to lose. If you like the idea, please like it and follow us for more ideas! Happy trading from the AIE family and have a great day!


    DISCLAIMER: ‘CFDs’ are complex financial products that are traded with leverage. Trading CFDs carries a high risk and it is possible to lose all your capital. CFD's may not be suitable for everyone and you should ensure that you fully understand the risks involved before taking any trade. All information on this page is provided for information purposes only and is not intended to be a recommendation or advice. No past performance or simulation of past performance guarantees future success.

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