Hello guys, today I want to share with you a trade a will personally take. As we know GN has been on an uptrend for a while now. It's actually retracing, it passed the 38.2%, and the 50% of Fibonacci retracement. As we know New Zealand is extending lockdowns due to rasing CoronaVirus Cases, so we can assume that the kiwi will be affected sooner than later. It left us with 2 possible buys setups. We can buy at the current price, and go for the previous high, or we can wait until the 50% retest (probably happening next week).
What's your take on the pair? Please share it down in the comments
What's your take on the pair? Please share it down in the comments