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thekwest

GBPNZD Short trade

Short
British Pound / New Zealand Dollar (FX:GBPNZD)  
thekwest  
FX:GBPNZD   British Pound / New Zealand Dollar
GBPNZD GBP (British Pound) NZD short
1
0
gbpnzd gbp-british-pound nzd short
Opportunity on GBPNZD 4hr chart for a short trade.

Reasons for entry:
- Resistance at EMA
- Bearish candle
- RSI overbought
- in line with current trend

Exit strategy:
- Stop 1.2035
- Target 1.9905
- Reward:Risk = 3:1

Don't risk more than 2% on any trade.
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