rebana8

GBPNZD - support becomes resistance (SBR)

Short
FOREXCOM:GBPNZD   British Pound / New Zealand Dollar
There is a support-becomes-resistance pattern developing. There is also an EMA crossed point. In addition, there is a trend line breakout. There is a drop-base-drop zone at the SnR levels. These factors are giving bearish biases. Wait until the price enters the supply zone before making an entry SHORT.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.