mattfayofficial
Short

GBPNZD Weekly analysis, potential short entry

FX:GBPNZD   British Pound / New Zealand Dollar
Hi everyone,

Just doing my analysis for the week so thought I would put up a couple of charts to get some constructive feedback. I am swing trading at this stage by the way.

Descending triangle has formed IMO             signalling continuation of a bearish trend at the point.

3, 7 and 50 EMA's are all in order for a short set up, which is consistent with my strategy, however choppiness is at 61 which is just too high to enter now.

I will watch the action on this chart, awaiting a potential short set up in the coming days.

Any feedback is appreciated.

TIA!
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