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FinancialGamblR

GBPNZD To Breach Below 2.0345 Level

Short
British Pound / New Zealand Dollar (OANDA:GBPNZD)  
FinancialGamblR  
OANDA:GBPNZD   British Pound / New Zealand Dollar
Support and Resistance Candlestick Analysis Multiple Time Frame Analysis GBPNZD Forex trading analysis daytrading priceaction breakout
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supportandresistance candlestick mtfa gbpnzd forex trading analysis daytrading priceaction breakout
Despite this pair being in a monster up trend, two points in the recent price action is giving us an early indication that further downside is to be expected.

1. Price touched the 2.0345 level and made a relatively weaker reaction off of it compared to previous touches.

2. The buying strength was quick to die down as price traded away from the level.

I'm pre-emptively shorting in anticipation that price will breach below this level.
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