Trade Recommendation: GBPNZD

The price bounces from Tenkan line of Ichimoku indicator. DMI confirms strong downward movement. It’s a sell opportunity. Pending orders should be placed below the local swing low – it’s 1.75850 level. Stop orders must be placed above the local swing high – it’s 1.77030 level. Profit target is at 1.74330 support level. Recommended trading volume for this trade is up to 3% from your deposit.

Sell: 1.75850
Stop: 1.77030
Profit Targets: 1.74330

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.