Get started
chuky01

GBP/NZD Short Trade Opportunity

Short
British Pound / New Zealand Dollar (OANDA:GBPNZD)  
chuky01  
OANDA:GBPNZD   British Pound / New Zealand Dollar
Chart Patterns Trend Analysis Technical Indicators
3
0
chartpattern trendanalysis indicator
Hello guys, this is my trade idea on the GBP/NZD currency pair this week. I opt for a sell on the pair given that the price has broken and retested the W1/D1 HTF area of value in addition to the following confluence factors: (1) Price below EMA, (2) Current market structure is bearish, (3) Descending Triangle - Bearish continuation chart pattern.

Best of luck guys!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.