GBPNZD - SHORT FOR 420 PIPS Short

British Pound/New Zealand DollarFXCM

Description

⋅ Apr 24, 2020 12:30 PM

GBPNZD has made a channel, broke it to the downside and now has retested, showing us a lot of rejection at the first Fibonacci Retraction, 38.2%. We can open a short entry with the following inputs:

Stop Loss: 2.06485
TP 1: 2.04440
TP 2: 2.03100
TP 3: 2.01500