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Gbpnzdsell

GBPNZD - FOREX - 12. JUNE. 2019DACAPITALTRADING V2.0: WELCOME TO DACAPITAL TRADING, WE PROVIDE ANY KIND OF TECHNICAL AND FUNDAMENTAL ANALYSIS FOR FOREX AND CRYPTO-CURRENCY MARKETS EVERY DAY! - 1 HOUR Strong bullish open and price action this week. 4 HOUR Emotions too high and people try to jump on the train, good short opportunities. DAILY Overall bearish market with a small pullback now! FOREX SETUP SELL GBPNZD ENTRY @ 1.93870 SL @ 1.94840 (100 Pips) TP @ 1.92190 (165 Pips) RR: 1.70 Use half of normal Risk (0.5% per Position) (Remember to add a few pips to all levels - different Brokers!) LEAVE US A LIKE AND COMMENT TO KEEP OUR CONTENT FOR FREE AND EVERYONE! HAVE A GREAT WEEK ALAN
Short
by DACapitalTrading
18
ELLIOT WAVE: GBPNZD BEARS READY TO RESUMES A LONG-TERM DECLINEHi Traders, The GBPNZD daily chart above revealed that the sell-off from the high at 2.0476 to the low at 1.8132 was an Elliot wave impulse structure, labelled 1-2-3-4-5. According to the theory, a three-wave correction in the opposite direction follows every impulse. . The retracement after the impulse unfolded as a W-X-Y double three corrective structure with a simple zigzag in wave W & X, and double zigzag in wave Y. If this count is correct, the 5-3 wave cycle seems complete. The theory states that we can now expect the larger trend to resume in the direction of the impulsive sequence. . Besides, wave (2) has already entered 78.6% Fibonacci levels, where second waves often terminate. Wave Y also equal wave W at the same level, typical relationship for a double zigzag. And last but not least, there is also a bearish rejection candle at the key resistance level. . Wave (3) decline should easily move the prices below the low of wave (1) in the months ahead. A break below the blue ascending trendline will further confirm the bearish idea. . Thanks for reading! Veejahbee.
Short
by Veejahbee