FX:GBPNZD   British Pound / New Zealand Dollar
🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1 ✨Eagle eye: multi years double bottom
2 📆Monthly: market make lower high even protect their last low during September's volatile moves
3: 📅Weekly: protect the previous high and after it, formate a clear inverted flag that indicates the down move will continue till you grab 50% of the wick liquidity
4: 🕛Daily: a side or range bond market

😇7 Dimension analysis
🟢 analysis time frame: daily
5: 1 Price Structure: bear
6: 2 Pattern Candle Chart: down base down
7: 3 Volume: Average
8: 4 Momentum UNCONVENTIONAL Rsi: favor in bear
9: 5 Volatility measure Bollinger bands: after a tight squeeze downside bear walking on the band formation
10: 6 Strength ADX: the bear is in power
11: 7 Sentiment ROC: GBP is weaker then NZD

✔️ Entry Time Frame: H4
12: Entry TF Structure: bear
13: entry move: impulse
14: Support resistance base: 20 ma resistance
15: FIB: trigger event done

☑️ final comments: sell
16: 💡decision: sell at open high
17: 🚀Entry: 1.9100
18: ✋Stop losel: 1.9280
19: 🎯Take profit: 1.8575
20: 😊Risk to reward Ratio: 1:5
🕛 Excepted Duration: 5 days

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.