GBP/NZD market analysis Short

British Pound/New Zealand DollarFXCM

Description

⋅ Sep 2, 2020 12:16 PM

the direction of price movement is trading downwards, we see a pattern of lower highs and lower lows being formed. price has respected our fib region, broken the trendline and retested, therefore we could expect further downside to targeted regions.

risk/reward ratio 1:2

Trade closed: target reached

⋅ Sep 2, 2020 4:19 PM

TP was comfortably hit