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Tuesday, February 23, 2021

GBP/NZD Short : 4 Good Reasons To BUY!!!

GBP/NZD Short : 4 Good Reasons To BUY!!!


4 Good reasons to buy this pair
The price level where I'm anticipating buys is:
A resistance turned support level
An upward trendline
Its located at a 0.618 Fibonacci retracement zone
I'm also anticipating a bullish reversal candlestick confirmation as an additional reason to buy,
Bonus Reason: Price is in an uptrend!!

These are the 4 reasons why I'm bullish on this pair, sweet and short with a touch of pips.

Risk: 31 pips (to avoid premature stop loss)
Reward: 214 pips

Please like if you agree with the idea and feel free to share your comments on this idea.
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DR .Swing_Forex

from Trading Ideas
via gqrds

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