Jal121

GBP/NZD - Short Position Analysis

Short
OANDA:GBPNZD   British Pound / New Zealand Dollar
This pair has fallen around 220 pips since an initial entry was identified.

Price broke this ascending trendline, retraced to a key level in price on the LTF coinciding with trendline rejection with wicks forming to the upside.

Zoom out and you'll see GN is at the top of the range and through cross analysis you can identify that this currency pair is strength vs strength.

Any questions feel free to drop me a private message.

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