alphatrader
Short

Rejection of key zone

FX:GBPNZD   British Pound/New Zealand Dollar
47 0 1
For a quick short term trade 1 hr             or 30 min chart - small stop above last swing high right above blue
shaded area first target is .95000 and second target is 94500 third target is 93500. So potential is solid
in terms of risk reward. If you scroll back on 4hr chart or daily you will see where I picked up my second
and third profit targets. We are coming off of what appears to be a triple top indicated by the three swings high in 96000 to 96500 zone, should
the price do what it is telling it wants to do then as soon as first pt is reached my stop will be brought down to break even plus 5 pips.


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