GBPNZD Type 1 Long + 80 Pip Potential

2019-12-16 13:44:10

Price is above the Daily, 60 and 15 KS as well as the cloud. So all 4 horseman are aligned. This is a Type 1 trade with a High probability and good RRR.

BO Entry = 2.0319
Stop = 2.0294
Risk = 25 pips
Profit target = 2.0399
Reward = 80 Pips
RRR = 3.2 - 1

The Strength & weakness analysis shows GBP - 1 and NZD - 4. The other GBP pairs have either moved too far or have to break the 60KS resistance level.

Nick