Gbpnzdshort
GBPNZD Short! 1hrNote: Idea is to complement your research.
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GBPNZD Short! 4HrNote: Idea is to complement your research.
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GBP/NZDResistance not broken on H1 and there's an ascending channel on H1 but this most likely will be broken.
Also, we can see a Double Top forming after the retrace and this pair may go down for another 400-500 pips
GBPNZD IDEAYou can use this channels and fibo 0.618 level , first sell top of the channel then we will looking for buy opportunity
Two possible scenarios for GBPNZD next week.. On screen analysisWe are in the middle of a pandemic right now with everything that is going on with the Corona virus. It seems to me that Australia and New Sealand were hit hard economically and will be in the next few weeks. My eyes will be on a long trade to the same level of the spike on March 8 which is a Monthly support and resistance level @2.17
On the other hand there could be a big change of events which could lead to a decline in value of the British Pound. Therefor we will first see a clear break of the recent Up trend and probably support turning in to resistance @2.02. When this happens my target will be 1.94 in a short trade.
Trade with care and caution! I will keep you posted on this one.
GBPNZD: WEAKNESS IN TREND.Thanks for Taking Interested in my Trading Idea.
GBPNZD: WEAKNESS IN TREND.
MARKET HAS PUMP VERY HARD TODAY LOOKS LIKE MARKET FILL DOWN FROM HERE
SHOWING WEAKNESS IN TREND.
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Note: This is only for Educational purposes; this is not investment advice.
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