Aadil1000x

Reversal pattern in GBPNZD

Short
FX:GBPNZD   Livre sterling / Dollar Néo-Zélandais
Hello Traders!

Welcome back to another trade with analyst Aadil1000x.

This is the short trade in GBPNZD as there is a breakout and after that, there is a big J shape pattern. J shape pattern is formed when the market wants to show a final push after the market drops hard.

I am expecting at least a 400 pips drop in GBPNZD.

GBPNZD Short Limit @2.0831

Stoploss 2.0949(-115 pips)

Target 1, 2.0649(+182 pips)

Final Target 2.0409 (+412.9 pips)

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