J-P
Short

GBPNZD POTENTIAL SHORT OPPORTUNITY

FX:GBPNZD   British Pound / New Zealand Dollar
50 0 2
This zone was a strong support previously and now it will be a resistance.
The RSI is extremely oversold. I expect this pair to retrace.
My stop loss will be slightly above 1.80000
My first target will be at 1.74000
Second target will be at 1.72000
Trade closed manually: I suggest to close this trade manually. It seems like the pair is forming a pennant bullish pattern. so I will wait for the bullish breakout and buy.
I will publish a separate idea for this pair.
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