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Monday, May 23, 2022

-600 Points Reached in GBP/NZD Buy Signal
1 mins well spent

Reason for Buying GBP/NZD : 

GBP/NZD is moving up and down between the ranges in H1 Chart.

After market reaching the bottom level of the range, GBP/NZD Buy Signal was given to the members.

Due to Fundamental event, FED Chariman “Jerome Powell” speech, USD becomes too weaker.

This affects GBP/NZD to fall down more in short period of time.

gbp nzd market falls down and reached stop loss

GBP/NZD reached our Stop Loss Price.

Education Note :

In Forex market, Fundamental wins 20% of the time, technical wins 80% of the time. On this trade, fundamental wins at this time.

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