GBPNZD | Consolidation | Next Move ?
GBPNZD has been in good bullish trend. It is following trendline by its heart. Currently, price is consolidating in a box (distribution likely). Price can follow two senarios from here;
a) Bearish: The consolidation is likely to be distribution and expect bears to be active from here. If price manages to break rising trendline then bears will take price to atleast 2
b) Bullish: The consolidation after taking support from falling trendline, may rise to new highs.
Trade your levels accordingly.
a) Bearish: The consolidation is likely to be distribution and expect bears to be active from here. If price manages to break rising trendline then bears will take price to atleast 2
b) Bullish: The consolidation after taking support from falling trendline, may rise to new highs.
Trade your levels accordingly.
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