Here we have GBPNZD on the Daily time frame. For the last 3 weeks this pair has been in a rapid decline. I think it's time we give some of that back.
Price ended the week sitting right at quarter level 1.925 and also a strong trendline. I believe price will find support here before pushing back up two, possibly even three quarters to major quarter level 2.0.
GBPNZD is clearly a pair that likes to respect quarter theory so thats why I see the market doing what I think it will do.
Trade at your own risk. I am not qualified to give investment advice.
Happy trading :)
~TraderTrev
Price ended the week sitting right at quarter level 1.925 and also a strong trendline. I believe price will find support here before pushing back up two, possibly even three quarters to major quarter level 2.0.
GBPNZD is clearly a pair that likes to respect quarter theory so thats why I see the market doing what I think it will do.
Trade at your own risk. I am not qualified to give investment advice.
Happy trading :)
~TraderTrev
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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.