AntenaPips
Short

Rising wedge break down

FX:GBPNZD   British Pound/New Zealand Dollar
65 2 0
#forex #gbpnzd
ForceFollower
2 years ago
Yes, that's how markets tend to behave after a trend line break. However, this time I'm more bearish and I expect another leg down, at least to be observed on H4. The NZD is clearly oversold and a new surge of strength may precipitate further decline of this pair. The GBP is weakish, but is getting less clear to me, what it's going to do next.
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AntenaPips ForceFollower
2 years ago
Thsnk you for your comment. Expecting some pullback for the next week, since we are already 4 days making new lowers and veloume decreasing. Yesterday appeared one spping top with good volume and today one bull candle with volume biggest volume since 02/28. Maybe we will see some pullback or one sideway week till 03/19 when will be realease importante news.

Let us see what will happen.

Good weekend to you!
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