GBPNZD: Important Decision Ahead! Your Plan: 🇬🇧🇳🇿
Updated
Hey traders,
Very peculiar situation on GBPNZD.
The market is approaching strong daily resistance at the moment.
To catch a bearish move from that, watch a bearish flag pattern on a daily time frame.
Your trigger to short will be a bearish breakout of its support (candle close below).
Then the price will most likely drop at least to 1.94 level.
Alternatively, on intraday time frames the pair is forming an ascending triangle formation.
To catch a bullish move, wait for its resistance breakout.
Then a bullish continuation to 1.995 will be expected.
Wait for the reaction of the market first and only then act.
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