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Psalm01
15 mar 2020 21:40

GBPNZD: Potential Long Trade Position Lång

British Pound/New Zealand DollarFXCM

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From the chart, we can clearly see that GBPNZD has hit the 50% Fibonacci level. We'll expect a possible rebound to the uptrend. Also, since weekend activities didn't manage to push the price lower than the 50% level, we can say that it is a safe zone for potential buyers in the market.
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Psalm01
Trade closed. 200+ pips made already.
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