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British Pound / New Zealand Dollar
Long

GBPNZD Technical Analysis anda Trade Idea

By tradingwithanthony
The GBPNZD has experienced a strong rally on the back of RBNZ data release being fairly dovish today. This has resulted in NZD to weaken somewhat offering a potential buy opportunity. This rally has overextended and I'm looking for an entry point on a pullback down into the 61.8% Fibonacci retracement level. In the video we talk about the trend market structure, price action and I attempt to simplify some ideas to help people who are new to trading understand how the markets work. This analysis is for educational purposes only and not to be construed as financial advice.
Chart PatternsGBPNZDgbpnzdanalysisgbpnzdforecastgbpnzdideagbpnzdlonggbpnzdsetupgbpnzdsignalgbpnzdstrategyTrend Analysis
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