SELL Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!
GBPNZD Has broken a key level that exist on the daily and weekly chart. GBPNZD has a bearish overview. The analysis shows the bears was able to break through key levels that has existed for a long time. GBPNZD bearish momentum has continued for several months and the down trend does not appear to be over. Thanks for reading and much success! -StampsFX
Respected followers, GBPNZD is in selling zone and yesterday it has broken its support line very strongly and by this we can assume that this pair will go down more to its defined supports level.
Pretty good short play and best part is that bad GBP news give me more conformation on that trade.
Awaiting break of minor support and retest of support to sell.
I AM WAITING FOR THIS SORT OF RETRACEMENT BEFORE I CAN JOIN IN FOR THE SELL. BE PATIENT WAIT FOR IT AND IT WILL COME. I APPRECIATE ALL LIKES, COMMENTS AND FOLLOW FOR MORE
GBPNZD Break then trend line and goes down for next TP Point.
GBPNZD short for the coming week. PLEASE LIKE, FOLLOW AND COMMENT FOR MORE :)
Nine waves (h1) vs 261.8 Extension from the wave (1) H4. Thus, I predict GBPNZD will correct to wave (2) at H4. Make a bit short
tp1: 1.9649 tp2: 1.9441 sl: 2.0039
A nice place to open a short trade on GBPNZD. Hoping For a continuation of the strong move down come tomorrow with this pair. Don't have a tight SL, preferably 1.922 levels.
If this isn't a false breakout, it should allow us to ride the wave down for a nice profit. I'll show you in the comment the target on the 4H chart. Trade Safe!!
As we can see, GBP/NZD is failling to establish it's support zone. As soon as the support line is broken, we can expect the bearish trend to continue until it's next support. Remember, preserving your money always comes first in trading. Your second goal is to grow your portfolio. Trade safely.