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Tuesday, May 25, 2021

๐Ÿ’กDon't miss the great sell opportunity in GBPNZD

๐Ÿ’กDon't miss the great sell opportunity in GBPNZD

Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.9665).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. GBPNZD is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 48.

Take Profits:
TP1= @ 1.9610
TP2= @ 1.9540
TP3= @ 1.9515
TP4= @ 1.9470
TP5= @ 1.9425

SL: Break Above R2

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