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BitonGroup
Feb 4, 2021 12:26 AM

GBPNZD Weekly TF 04/02/2021 Short

British Pound/New Zealand DollarFXCM

Description

in this analysis we are focusing on a very long term position which can be kept opened for a year and half or more,
we have a simple descending channel and a Fibonacci projection which is having confluences between the parallels leg and lower bound of the channel
we have specified the 1 TP as the ATL and it can be achieved probably by mid or end of 2021
and the 2 TP can be for 2022
there is a Green TP zone which should be traded very carefully, we should reanalyze the market when the price had fall to the zoon or 127% of Fibonacci projection

Trade active

started the Fall
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