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GBPNZD Pin Bar Formed At Support Resistance Line

Long
British Pound / New Zealand Dollar (FX:GBPNZD)  
TradeLive- Updated   
FX:GBPNZD   British Pound / New Zealand Dollar
Support and Resistance priceaction priceactionanalysis priceactiontrading
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supportandresistance priceaction priceactionanalysis priceactiontrading
Pin bar formed at support line. Enter Trade at the nose of pin bar. Place stop loss below the pin bar tail. Or place stop loss using 50% retracement of pin bar for better risk to reward ratio. Target price is the next resistance line (ceiling).
Comment:
Pinbar retraced at the 0.618 Fibonacci Retracement level area. This is another variable for confluence.
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