Trade Recommendation: GBPNZD

The price is going to pass through the cloud. It gives us a trend reversal signal and new trading opportunity. DMI confirms that bulls become stronger. Pending orders for buy can be placed at 1.91430 level with stop orders below the support at 1.89300 level. Profit targets are 1.93000 and 1.95000 resistance levels. Don’t risk more than 3% from your deposit in this trade.

Market: GBPNZD
Buy: 1.91430
Stop: 1.89300
Profit Targets: 1.93000 and 1.95000

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.