market execution: GBP/NZD analysis

A flow of highs/lows has consistently being formed from the 1.97000 psych region towards the downside, we can look at current price action as a retracement (lower high) pattern formed which has bounced and tapped our downside trendline in confluence with wick rejections around the fib regions. A new leg could be formed and the price could be heading towards 1.95000 and lower from there.

risk/reward ratio is 1:2.75


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