jeffreyysl

GBPNZD : SHORT POTENTAIL Setting UP !!

OANDA:GBPNZD   British Pound / New Zealand Dollar
We see the GBPNZD & EURNZD having a near SIMILAR formation currently!
We Favors a POTENTIAL SHORT Position soon, as Price Action is currentlt taking place !
SHORT

GBPNZD
WEEKLY CHART : In a Upwards Channel. Previous week Price BAR - BULLISH Bear Bar !

DAILY CHART : Smaller CHANNEL Within (WEEKLY CHANNEL) shows price Break Down
@ Channel Lower Lines.(Channel Break)
Also A Lower Low is notice. (Signalling Potential Downwards Move)

A: SUMMARY – We see a Potential Push of Lower Low, and Lower High formation.
Therrfore a SHORT Position!
POTENTAL 300- 400PIPS Move downward !!

B: This Coming WEEK Analysis:
>H4/H1 Entry , look for Candle formation OR a pull Back , which is in process now !!

CHEERS .. Stay Nimble-TRADE SAFE !!
Let the Market Do, WHAT It is suppose to do !!
Act & Trigger as and when Market Dictate, ie your SHORT ENTRY !!
Trade active: Trade in SYNC as indicated. Keep TP towards 1.8750 ZONE !!

CHEERS, Trade safe !!

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