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Dec 15, 2018 8:13 PM

GBPNZD Short role reversal level Short

GBP/NZDOANDA

Description

GBPNZD has been in a nice downtrend that broke thru a daily support level, so I'd prefer to take a trade in that direction on this pair. On the 4hr chart I'm seeing the break of the daily level as a really clean role reversal point at 1.86288 that's already been tested once. Looking for price to approach that level again for a short and targeting the bottom part of that level around 1.84. Looking at about a 40 pip stop if this triggers and a 6 to 1 full target.
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