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GBPNZD: Potential Drop of Price at Resistance Level

Short
British Pound / New Zealand Dollar (OANDA:GBPNZD)  
Fxprotrader Updated   
OANDA:GBPNZD   British Pound / New Zealand Dollar
Trend Analysis Support and Resistance Trend Lines gpbnzd medianline
11
2
trendanalysis supportandresistance trendline gpbnzd medianline
The slope of this median line set is working extremely well, with price finding more than once resistance at the sliding parallel above the median line. We previously saw another rejection at the level, a sign that resistance is still present. Keep an eye for a sell setup completion before shorting GBPNZD
Trade active:
Entry: 1.75136
Stoploss: 1.75531
Profit target: 1.73185

snapshot

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