GBP/NZD BUY TREND

the GBP/NZD pair on the 3 hour time frame presents a potenial buying..
It looks like you're considering a GBP/NZD buy trade at 2.20780, with:

1st Support: 2.2170

Last Support: 2.23882

Stop Loss: 2.20320


Quick Analysis:

Your stop loss is quite tight (only ~46 pips below entry). If volatility increases, you might get stopped out quickly.

First support at 2.2170 suggests you're expecting the price to rise soon.

Last support at 2.23882 seems like a target/resistance level.


Considerations:

Check for economic news (NZD and GBP data releases) that could impact the pair.

Assess the risk-reward ratio before entering.

Watch for confirmation signals (bullish price action, momentum indicators).


Do you have a specific timeframe for this trade?