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Gbpnzdshort

GBPNZD - Support becomes Resistance - week of 25/04/22 Take a look at 1.9340 and you see what I am saying. The area around this level has contained price over and over again. The recent attempts by the bulls to close above this level were unsuccessful. Price has been stalling in this region for the past 7 trading days and in my opinion, the bearish trend is ready to resume. I expect to see 1.8910 in the next week or two. We could wait for a better entry because at current level, the stop is quite large. But I am happy to reduce my position size a bit and take a short at 1.9340 and see how it turns out. This is a potential 2.6R trade. If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications. Always use sound money and risk management in all your trades.
Short
by Trading_Vista
GBPNZD | New PerspectiveFollowing a 500pips move since my last publication on this pair (see link below for reference purposes); It appears we do have another trading opportunity here on the GBPNZD. The appearance of a reversal set-up on the 1H time frame coupled with the obvious that the price is currently within a supply zone; we might want to consider a selling opportunity on this one as we anticipate a breakdown/retest of the key level @ 1.94 for confirmation. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry