GBPNZD Short 3 : 1 Win vs Risk

GBP/NZD OANDA:GBPNZD
DuncanForex



Hello all

I have shorted the GBP with NZD, based on USD weakening and NZDUSD becoming a long position, alongside AUD also getting stronger.

I expect XXX NZD, XXX AUD pairs to start to fall as per my EURZND trade ideas last week along with NZD XXX and AUD pairs starting to retrace in the short term.

I am looking for a 3 : 1 trade on this pair and dependent on price action when it hits support, I will review if i then trade it long again or follow it further lower .

As on the Monthly, is a loveypin bar for Oct 2018 – showing where price will ultimately go after a 50% to 61.8% retrace of that candle

Thanks for looking

Duncan

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