GBPNZD H2: +150/+300 pips Best Level to SHORT/HOLD (SL/TP)

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GBPNZD H2: +150/+300 pips Best Level to SHORT/HOLD (SL/TP)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because I expect more losses
short-term and mid-term as well. SHORT/HOLD IT.

🔸 Summary and potential trade setup
::: GBPNZD H2/candle chart review
::: locked inside major trading range
::: recently bounced hard off range lows
::: swing lows 9020 swing highs 9240
::: risk/reward shifting in BEARS favor
::: expecting re-tests of range lows
::: shorting near range highs makes sense
::: overbought market conditions near 9260
::: BEARS taking over from here
::: expecting short-term losses / backtests
::: BEARS focus on re-shorting range highs
::: near 9260 range highs (well defined range)
::: right now most likely short-term weakness
::: so get ready for the price to max out
::: SHORT/HOLD 9240/60
::: SL 60 pips TP1 +150 pips TP2 +300 pips
::: Recommended strategy: SHORT/HOLD rips/rallies
::: just load it up and get paid, period
::: good luck traders
🔸 Supply/Demand Zones
::: SUPPLY 9240
::: DEMAND 9000
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: reversal/DUMP/9000
::: Sentiment outlook mid-term: RANGE/MIXED/PULLBACK

RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.

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