Reasons:
- GBP is relatively weaker than NZD at the moment
- Big bearish candle in D1
- Previous upward channel was re-tested and had price perfectly reversed
- Small upward trend line (green line) was broken and re-tested
- Key level 1.91380 is also the Fibo 23.6% is likely going to the resistance for reversal
Plan:
Sell at 1.91380
Target:
1.89740
- GBP is relatively weaker than NZD at the moment
- Big bearish candle in D1
- Previous upward channel was re-tested and had price perfectly reversed
- Small upward trend line (green line) was broken and re-tested
- Key level 1.91380 is also the Fibo 23.6% is likely going to the resistance for reversal
Plan:
Sell at 1.91380
Target:
1.89740
Comment:
Long position might also be suitable at 1.89740
