GBPNZD Swing Sell zone

GBPNZD swing sell zone (2.04524 - 2.04838)

SL 50 pips above zone - 2.05320

TP1 - 50 pips 1:1 RR
TP recommended 500 pips - 1.98700
TP Max 800 pips - 1.96670

Trade active:

Price touched Daily TL
Price are now in the zone collecting PO

Comment:

TP1 50 pips hit from the last PO

Comment:

it seems price 0.204690 can be use as sell re-entry point

Comment:

Price keep testing R edge of the zone

Comment:

Well price did closed below TL
Seems promising enough

Comment:

Price returned to zone and dropped 120 pips

Comment:

Sell now hits 250 pips from last PO

Trade closed: stop reached:

pheww price hit BE

GBPNZD still have 2 major zone above
Weekly & Monthly

NZD also currently weak and predicted to bounce back after March