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Gbpnzdsell

Jamie Gun2Head: Selling GBPNZDTrade Idea: Selling GBPNZD Reasoning: Pre-empting the break downwards Entry Level: 1.9482 Take Profit Level: 1.9334 Stop Loss: 1.9524 Risk/Reward: 3.52:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
Jamie Trade Idea - Sell GBPNZDTrade Idea: GBPNZD Sell Reasoning: 50% fib sell Entry Level: 1.9538 Take Profit Level: 1.9167 Stop Loss: 1.9631 Risk/Reward: 3.99R Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
GBPNZD SHORTBy looking at the price action, its easy to see that the pair has been moving in a bullish direction for several days, since early November 2021 to be exact. Current price action shows an indication of potential market exhaust which could result in a bearish short term correction. Looking at the daily chart we see 3 potential confluences/reasons which is in line with our directional basis on the pair. A Double Top pattern formation, followed by a trendline breakout and key level breakout which signals a change in market structure from bullish to bearish. We will be looking to enter on the rest of this key level and expect price to spike up sharply before a continuing to the downside. Risk Reward of this particular trade currently stands at 8.76:1.
Short
by NDOBObanks