Aadil1000x

Reversal pattern in GBPNZD

Short
FX:GBPNZD   British Pound / New Zealand Dollar
Hello Traders!

Welcome back to another trade with analyst Aadil1000x.

This is the short trade in GBPNZD as there is a breakout and after that, there is a big J shape pattern. J shape pattern is formed when the market wants to show a final push after the market drops hard.

I am expecting at least a 400 pips drop in GBPNZD.

GBPNZD Short Limit @2.0831

Stoploss 2.0949(-115 pips)

Target 1, 2.0649(+182 pips)

Final Target 2.0409 (+412.9 pips)

Don't forget to hit the like button and follow to stay connected.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.