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.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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 My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out