GBPNZD: SELL LIMIT OPPORTUNITY

27. Feb. 2023

The pair is about to reach an important Resistance area (purple rectangle) that indeed was previously a Support. On this level bears already showed powers on Wed 22 February (rejection of price at 1.95407). For these reasons we can set a Sell Limit order at 1.95300 with Stop Loss at 1.962 (too often tight stop losses and quick false breakouts of resistances invalidate signals) and take profit around 1.92900.

Thank you.

28. Feb. 2023

Trade geschlossen: Stop wurde erreicht

STOP LOSS IT.