Analysis on GbpNzd

GbpNzd 📌

Observation : GbpNzd has being in a form of equilibrium. However looking a higher timeframe on 4hrs we can see a major uptrend after creating 3 liquidity zones.
The first acting as a strong demand zone for buy entries around 2.1890.
The top liquidity zone acting as a strong supply zone for sell entries @2.2200

Price is expected to push down for more buy liquidity by market movers before rally up torwards 2.2200 for a swing trade. Day trader can aim for 2.1900 for takeProfit.

This setup offers a 1:4 risk reward making it a worthy trade.

Remember :Risk only what you can afford to lose.
Ideally nothing more than 2% of capital per trade.