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⋅ Spotted potential inverse hed and shoulder pattern which should stand for a corrective pattern after the bearish cycle on GBPNZD completed.
This pattern show case opportunities for both long and short.
Possible Entry and exit targets are clearly stated on the chart.
BLUE: POSSIBLE ENTRY ZONE
RED: Possible Support LEVEL
GREEN: SELL TARGETS
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Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.
Set up an entry/exit strategy for every trade, with good risk/reward ratio.
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⋅ Short opportunity overview. Always use appropriate stop loss as we all know how volatile this cross pair can be.
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⋅ wow!!!! moving greatly, trade continues