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BKTradingAcademy
Jan 5, 2022 8:45 PM

GBPNZD Bounce from Monthly Highs 

GBP/NZDOANDA

Description

Welcome back! Here's an analysis of this pair!

COMMENT BELOW and let us know your thoughts or questions!

** GBPNZD is strongly bullish, however, it's approaching previous monthly highs from July and August 2021. Massive selling pressure appeared from the level taking the price
from 2.0000 zone to support at 9813. We expect a bounce from the previous monthly highs to first target of previous key support at 9820 area, and second target 9700 zone. If you use our popular B-Swing
Strategy, simply follow the entry criteria rules and use strategic risk management. Pip pip HOORAYYYY! :)

Keep this pair on your watchlist and enter when the entry criteria of your strategy is met.

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Thanks for your continued support!

Brian & Kenya Horton, BK Forex Academy
Comments
DoctorTanzanite
Good analysis .. any update please?
BKTradingAcademy
@DoctorTanzanite, Thanks! Still the same. It is currently re-testing previous monthly highs (highlighted zone). I wouldn't be surprised if price aggressively wicks the area to take out stop losses. Apply risk management strategically.
fxKingSteph
i really like this move. i have been waiting on this move fro a while.....GREAT SETUP
BKTradingAcademy
@fxlow, We like it too! Thank you :)
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