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ThinkingAntsOk

GBP/NZD Bearish Movement coming. By ThinkingAntsOk

Short
British Pound / New Zealand Dollar (FX:GBPNZD)  
ThinkingAntsOk  
FX:GBPNZD   British Pound / New Zealand Dollar
Trend Analysis Support and Resistance Candlestick Analysis GBP NZD GBPNZD short analysis pound GBPUSD
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trendanalysis supportandresistance candlestick gbp nzd gbpnzd short analysis pound gbpusd
4H CHART EXPLANATION:

We observe that price left a clear rejection to the Confluence Zone explained on the Daily timeframe. Now, it is consolidating on a rectangle, so, we are waiting for a breakout of this figure. The first target of the movement is the Support Zone (previous resistance Zone) at 2.000. If this zone is penetrated, then price has potential to reach the Ascending Trendline.

DAILY CHART ANALYSIS:

snapshot
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