GBPNZD SHORT BIAS PRICE ACTION FORECAST The pair has broken the ascending trendline, although failing to form a new HH price is down-trending after getting rejected from the predominant descending trendline together with the supply zone.
The market remains in consolidation in price compression hovering a demand zone draw in H1.
Waiting for bearish breakout and planning to enter the market after breakout and pullback.
The order:
Type: sell-limit
R:R | 1:5
T/P: next support
Gbpnzdfoecast
GBPNZD trade setup for coming weekGUYS you can see my previous anlysis of gbpnzd it reached its buy target nut now gbpnzd is not in good position either to enter on buy or sell in current point according to my anlysis when market opens gbpnzd can move to buy around 40 to 80 pips and make a tail in a day candle you can than enter on sell with small lot and than move in sell direction and once it started sell day candle than its target will be 2.04918 it may take tuesday to hit its target so you can gain 300++ pips but remember use small lots and move sl to profit according to the trade until it reached its target.