GBPNZD BUY Setup (Potential Swing Trade)

15 Jun 2020

From observing this pair in-depth, we can see that price has reached a strong support level @1.93750. As this is a key level, we would naturally expect price to react. As you can see, price reversed and we have had a decent amount of buyers trading today (15/06/20). Price also looks to be making a solid double bottom. So we are looking for buys up to the next support at 1.98659.

Entry: NOW
SL: 1.93080 (169 Pips)
TP: 1.98659 (509 Pips)