GBPNZD - two scenarios
short or long... looking at what PA is telling us over the next couple of hours/days.
stoch and rsi seem to favour the resistance to hold (both overbought), which it now has for a few days already, and a resumption to downside. could play that with tight stops....
stoch and rsi seem to favour the resistance to hold (both overbought), which it now has for a few days already, and a resumption to downside. could play that with tight stops....
Note
flag on 2hr chartNote
still hovering around that resistance level of 1.7750 - forming a triangle now. getting ready to breakout....
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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.