Trade Recommendation: GBPNZD

The price bounces from SMA50 and 1.92000 resistance level. RSI confirms price reversal and MACD histogram supports downward movement. DMI allows opening short trades. Pending orders for sell can be placed at 1.91650 level with stop at 1.92750 level. Profit targets are 1.90700 and 1.90000 levels. Don’t risk more than 3% from your deposit in this trade.

Market: GBPNZD
Sell: 1.91650
Stop: 1.92750
Profit Targets: 1.90700 and 1.90000

Disclaimer: The analyst does not have investments in GBPNZD.

Author:
Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.