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VaidoVeek

GBPNZD | A Possible Short-term Reversal

Short
British Pound / New Zealand Dollar (FX:GBPNZD)  
VaidoVeek Updated   
FX:GBPNZD   British Pound / New Zealand Dollar
Trend Analysis Support and Resistance Technical Indicators Wave Analysis GBPNZD pound Forex trading forexanalysis Technical Analysis GBP
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trendanalysis supportandresistance indicator waveanalysis gbpnzd pound forex trading forexanalysis technicalanalysis gbp
Hi,

1. 2017 High
2. Previously worked resistance level
3. The major black trendline
4. The round number
5. Fibonacci Extension
6. Minor trendlines
7! At the moment, GBP pairs are very risky to trade. So, definitely you should wait for a bearish candlestick formation inside the red marked area - min. timeframe 4H.

Regards,
Vaido
Comment:
If you are in, tighten your stops because of U.K. Interest Rate Decision!
If you are not, step aside - because of the high volatility.
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