SamKent
Short

GBP/NZD momentum reversal

FX:GBPNZD   British Pound / New Zealand Dollar
74 0 0
The GBP/NZD has completed an ABCD pattern on the back of 50-61.8% support. The D point is a possible reversal area, and indeed, both stochastic and RSI are conveying to us that the market may be overextended and may soon shift as evidenced by their divergence from price action. Therefore, we're happy to short this market with a stop just above the D point, and an initial target back at the 50-618% area.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
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 My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out