FullTimeTrader
Short

GBPNZD-break and close below 2.3000

FX:GBPNZD   British Pound / New Zealand Dollar
1381 19 26
Hello, it seems price is forming a potential ABC pattern so we could expect more downside movement.
Right now price broke the strong level 2.300 and is bouncing from it. We could expect a further decline at least to test last lows.

SL: some pips above 2.300
target 1: last lows
target 2: 2.200 level
target 3: 2.1500 level

Best regards.
Comment: First target hit. SL was clearly above the highs. I will not waste my time answering disrespectful comments.
Who can imagine what will happen after us fed rate does it going up or down really news not helping me who have idea about what will happen
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Noted ! Thanks :)
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Fulltime i want to know ur analysis to this week can u put picture!
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FullTimeTrader ahmedsa3dy
Hello, i think the decline should continue but its better to wait after the rate news and then look for possible setups.
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nl88 FullTimeTrader
It does look very tempting now though. But I guess better to be patient !
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set up start now for down trend to second target 2.18
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Is it consolidating for another wave down ?
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Hello, yes is expect more downside movement but its tricky to find and entry point now. Lets wait for more price action. There are rate news for the NZD next week so may be we have to wait and look for setups after the news. Regards.
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Is it going up now !
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does it going down next week
i made transactions at 2.2945 by 2 lot from 10000 in my account with tp at 2.24 first target.ir seems after clse day below 2.3 it will slightly bearesh for the beginning of us rate
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