GBPNZD Short

Analysis of GBPNZD 11/05/21

Chart seems to be in a sideways trend of consolidation, expected move downwards. Fibs applied to find level for take profit with stop less set up previous highs in consolidation. Wait for a breakout, close, retest, continuation of price before entering trade. EDUCATIONAL ADVICE ONLY.

Risk Allocation: 1%

R:R 1.7

GL