GBPNZD – Waiting for a breakout

The GBPNZD is trading just above an important LT support level… I’ll be looking for short opportunities once it breaks the ST support level around 1.9673:

If it breaks the ST support level down, it will be trading around historical lows, therefore any trade taken here would have a 3:1 risk reward ratio.

Trade Safe!

Raul Lopez
Forex Training

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Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .