GBPNZD - Setting up for a HUGE Short
Updated
GBP, is setting up for the bears to take control, after MTF analysis shows price action underneath 200ema.
GBP/NZD on the 1hour timeframe, Doji candle rejection off of the 200ema, price action in particular really interests me - It is currently 'hovering' above the ascending trendline support level which could create a really good opportunity. Like an eagle I am watching for the break of the hover support level, before testing the ascending trendline..... chart with notes to follow …….
GBP/NZD on the 1hour timeframe, Doji candle rejection off of the 200ema, price action in particular really interests me - It is currently 'hovering' above the ascending trendline support level which could create a really good opportunity. Like an eagle I am watching for the break of the hover support level, before testing the ascending trendline..... chart with notes to follow …….
Note
GBP/NZD Update, over extension on the close of the hover level and currently fake breakdown and bullish engulfing bar on the 1 hour, negating the trade idea for a further breakdown / continuation..... The nature of the market is clearly supporting a Bullish GBP, so we sit on our hands and await further insight to the market direction.....
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.