GBP/NZD Short Opportunity
Simply, GBP/NZD reached a very high key monthly resistance area at around 1.9454 with a rising wedge formation on the 4H timeframe. Look for a great short opportunity as soon as the pair breaks out below the lower trendline.
My 1st target for this swing trade is 1.92021. Breaking it will push the price for more downside towards 1.8954 and 1.8741. Breaking 1.8741 will signal a huge continuation for further downside which I'll talk about soon in a monthly/ weekly timeframe chart analysis I may post here on TradingView. Goodluck traders.
My 1st target for this swing trade is 1.92021. Breaking it will push the price for more downside towards 1.8954 and 1.8741. Breaking 1.8741 will signal a huge continuation for further downside which I'll talk about soon in a monthly/ weekly timeframe chart analysis I may post here on TradingView. Goodluck traders.
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