GBP - Weak Bearish
1️⃣ The number of daily COVID-19 cases in the UK increased by 32,181, while the number of deaths increased by 50 people.
2️⃣ Former Democratic Union Party (DUP) leader Arlene Foster has raised concerns of irreparable damage due to the deadlock over the Northern Ireland (NI) protocol.
NZD - Strong Bullish
1️⃣ Positive sentiment in the market supports the strength of high-beta currencies such as the NZD.
2️⃣ New Zealand retail sales rose 3.3% in the second quarter, following a 2.5% increase in the previous period.
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Technical
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We are selling the GBPNZD after the price has break previous support.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
1️⃣ The number of daily COVID-19 cases in the UK increased by 32,181, while the number of deaths increased by 50 people.
2️⃣ Former Democratic Union Party (DUP) leader Arlene Foster has raised concerns of irreparable damage due to the deadlock over the Northern Ireland (NI) protocol.
NZD - Strong Bullish
1️⃣ Positive sentiment in the market supports the strength of high-beta currencies such as the NZD.
2️⃣ New Zealand retail sales rose 3.3% in the second quarter, following a 2.5% increase in the previous period.
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Technical
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We are selling the GBPNZD after the price has break previous support.
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Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Trade active
Trade closed: stop reached:
❌ TRADE HAS HIT SL
-50 PIPS
The NZD lost some momentum, but the risk-on market environment remained supportive of the NZD.
We will look for opportunities to re -enter this order if there is a new setup.
-50 PIPS
The NZD lost some momentum, but the risk-on market environment remained supportive of the NZD.
We will look for opportunities to re -enter this order if there is a new setup.
Trade active:
We are re-entry this order because the sentiment is still the same.
Trade closed: target reached:
✅ TRADE HAS HIT TP
+165 PIPS
+165 PIPS