KamalFX
Short

STRONG RESISTANCE ON GBPNZD

FX:GBPNZD   British Pound/New Zealand Dollar
The GBPNZD             pair has reached a very strong level of long term resistance. I am not saying I am entering this trade, I am just saying I am going to keep a close eye on it. There is an opportunity for an attractive risk reward ration of 4:1 with also the chance to catch over 1000 pips.

The very long tail on this weeks candle could signal that the bears are taking over, however I am waiting to see how this candle closes on friday. If you zoom in to the Daily or the 4 hour time frame, you will see that price has not yet broken the strong support line around 2.10600, I want price to reach around 2.10300 before I think about entering.

Tell me your views and what you think is going to happen with this pair.
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out