On the GBPNZD daily timeframe we saw the price rejected by de 2.00 whole number and weekly resistance zone . After that, price broke through up-trendline and daily support/resistance zone, dropping by 700 pips.
Further more, the pair made a correction and yesterday retested the daily support/resistance zone mentioned above. Finally, the pair ended the day with a bearish engulfing candlestick .
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On the 4 hour timeframe, the pair broke through the rising wedge .
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On the 2 hour timeframe, we see the price making higher lows and lower lows and retesting the previous zone, confirming our short bias.
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We are now waiting for a close below the previous 2-hour engulfing candlestick .
Further more, the pair made a correction and yesterday retested the daily support/resistance zone mentioned above. Finally, the pair ended the day with a bearish engulfing candlestick .
.
On the 4 hour timeframe, the pair broke through the rising wedge .
.
On the 2 hour timeframe, we see the price making higher lows and lower lows and retesting the previous zone, confirming our short bias.
.
We are now waiting for a close below the previous 2-hour engulfing candlestick .
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.