Gbpnzdsetup
GBPNZD may fall today vey stronglyGBPNZD is looking for long sell due to lot of sell pressure building from few days.our strong sell are begins from 2.05400.Our 1st sell target will be 2.04300 which is highly possible to be achieved while after little retracement as metioned in chart analysis,it may goes for 2nd target which will be 2.03400.
GBPNZD MARKET STRUCTURE + ELLIOT WAVE SUGGESTING A SELL-OFFThe market structure of GBPNZD shows how the price breakout of major ascending trendline and support zone. Price is currently retesting the broken levels that lined up with a descending trendline. Price has the potential to decline from or near the current market price.
Elliot wave also shows a series of 1-2, (i)-(ii) sequence which could mean a rapid sell-off should be expected.
What's your thought on GBPNZD?
Best of luck on the chart!
Veejahbee.
GBPNZD Analysis: Price currently at a critical decision pointHi traders,
This pair has been in consolidation for the past one month and likely to make the next big move very soon.
It is following a rising trendline and has come to test it once again.
It is also currently at a strong support zone.
I see high likelihood of it to bounce and continue upwards.
Breakout of the trendline will invalidate the long idea. In case breakout occurs short the pair.
Let me know your views in the comments. Hit like if you agree with the idea.
GBPNZD 15MHello traders!
This is a Tag&Go setup short, a sell stop order,
set and forget style is right on the red line at
2.01241
The red circle is the stop and 1st and 2nd
targets are in green below.
There are two versions of this pair, one for the long side
which is already posted and one to the short side.
Best,
Jay