Short GBP/NZD:  GBP/NZD has dropped below a key support level and the price likely to drop further after a minor correction

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Written on Mar 19, 2025
Reading time 1 minutes

Short GBP/NZD:  GBP/NZD has dropped below a key support level and the price likely to drop further after a minor correction

Open Profit

Signal timeline

Stop loss $2.275 (-1.18%)
Current price marker
Entry zone $2.2485
Current price marker
$2.2465
Current price marker
Take profit 1 $2.2385 (0.44%)
Current price marker
Take profit 2 $2.21 (1.71%)
Current price marker
Take profit 3 $2.1685 (3.56%)
Arrow Current price $2.2213 (1.21%)

Trading signal summary

Buy/sell asset Sell GBP/NZD
Entry zone $2.2485 - $2.2465
Stop loss $2.275
Portfolio risk 1%
Leverage 1:100
Take profit 1 $2.2385
Take profit 2 $2.21
Take profit 3 $2.1685
Est. trade duration 1-4 Weeks
Maximum profit 3.56%
Maximum loss -1.18%
Overall trade risk Low