GBP/NZD (1 Hour): High Probability setup
Hello pip hunters, please take a minute to view my idea on GBPNZD.
Reward:396 pips🤑
Risk: 35 pips (to avoid premature stop loss)❌
Risk Reward Ratio:11.66 ✅
Chart Breakdown:
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DR.Swing_Forex
Reward:396 pips🤑
Risk: 35 pips (to avoid premature stop loss)❌
Risk Reward Ratio:11.66 ✅
Chart Breakdown:
- 4 Hour:A sell setup is currently playing out on the 4 hour chart which is an additional reason why I'm anticipating a breakout on the 1 hour chart
- 1 Hour: Price formed a buy setup oin the uptrend trendline but is now rejecting a minor resistance level and also formed a bearish harami at this resistance level, giving us enough reason to sell this pair
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Please like and comment if you agree with the idea
DR.Swing_Forex