GBP/NZD Bearish Market Outlook
Updated
I observe that the price is currently forming a bearish structure. This indicates a downward trend in the market. Based on my analysis, I anticipate that the price will experience a retracement before eventually reaching my specified target zones. These target zones are set at 0.96, 0.95, and 0.92. These levels represent potential support areas where the price may find temporary stability or reversal. By monitoring the market closely and considering these targets, I aim to make informed decisions and maximize potential opportunities within the bearish market conditions.
Trade Safe Guys....
"Stay disciplined and patient"
"Keep analysis simple and concise"
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"Trade with a clear mind"
Trade Safe Guys....
"Stay disciplined and patient"
"Keep analysis simple and concise"
"Have a risk management strategy"
"Trade with a clear mind"
Trade active
Note
As we observe bullish moves after the next rise in interest rates, the NZD is weakening. I believe the price will experience some retracement around 1.20165 or lower. After that, we can make a more informed decision regarding the direction.Order cancelled
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