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DeGRAM
Feb 19, 2024 9:14 AM

DeGRAM | GBPNZD potential shorting opportunity Short

British Pound/New Zealand DollarFXCM

Description

GBPNZD pulled back to the support level that was tested two times. Usually, the price breaks the level on the third attempt. 

The market has bearish sentiment, and there is a high chance that the price will continue moving south.

We expect price action to make a pullback and go down to test the lower border of the descending channel.


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Trade closed: target reached

Comments
DeGRAM
Good luck in the markets and have a great trading week!
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