Gbpnzdshort
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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GBPNZD potential bounce!
GBPNZD expected to reverse up to 1st support at 2.03525 where it could potentially react and bounce to its resistance at 1st resistance at 2.04064.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPNZD breakout the uptrend channel!!this analysis related to my previous roadmap on GBPNZD (link attached below!), as we can see that price reacted to the daily resistance level and might have a chance to go lower if seller manage to push the price to the 2.011 support level,.. good luck!
Plan : wait for price to bounce off from resistance level (or retrace) --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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