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Gbpnzdshort

GBPNZD | Consolidation | Next Move ?GBPNZD has been in good bullish trend. It is following trendline by its heart. Currently, price is consolidating in a box (distribution likely). Price can follow two senarios from here; a) Bearish: The consolidation is likely to be distribution and expect bears to be active from here. If price manages to break rising trendline then bears will take price to atleast 2 b) Bullish: The consolidation after taking support from falling trendline, may rise to new highs. Trade your levels accordingly.
by JustTradeSignals
1
GBPNZD with a BIG FALL to come..Press the Follow Button to get More of my Daily Detailed Analysis. Also, if you do have any questions, please ask them in the comments section.. After the Incessant Rise in the GBP VS NZD we are looking for a Monster fall back. Further GBP news this afternoon has caused an even higher rally on GBP pairs as The Interest Rate has risen to 0.5% making borrowing more costly. As buying power runs out sellers will ultimately move in and drag this down... If you are thinking of buying do NOT. Keep the bag open and put the Gains in over time.. We are WAY off our key MA's because price is so high. Look to get short and exit on a larger fall to comfortable support for an exit. This is noted by the eclipse symbol area.
Short
by WillSebastian
GBPNZD Short OpportunityHey, if you like this idea be sure to support with a like and a follow. Here is my analysis for GBPNZD for the upcoming week, wait for price to pullback to retest resistance and take a short down to the next support area . What are your thoughts? Leave it in the comments below! Blue Signal FX Rules-Based Trading 1. CHECK THE NEWS! 2. WHAT IS THE OVERALL TREND? 3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE. 6. CHECK FOR DIVERGENCE.
Short
by bluesignalfx