I’m waiting for my short signal on GBPNZD

Written by Raul Lopez on . Posted in Trades & Analysis

Have you seen the GBPNZD daily chart? It’s quite clear that the market is trading in a bearish condition (likely to continue its way down), and we also got some downward pressure off the daily and weekly charts:

What is most interesting about the GBPNZD is that the next LT support level is at 1.8548, and it is currently trading at 1.9017, so it is trading more than 450 pips away. We can use those pips, wont we?

Trade Safe!

Raul Lopez
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Raul Lopez

I've been trading the forex market for more than 11 years. All my trades are based on price action. Check out my Forex Coaching program, I can help you develop a system that helps you trade consistently.
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Raul Lopez Forex

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I like to trade using simple tools such as support and resistance levels, candlesticks, price action and others. If you like simplicity, you'll love my Forex Coaching. Read more about me.

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