GBPNZD 3-4-2019 This weeks Idea

The GBP/NZD Monthly time frame is in the sell zone
making lower lows and lower highs. Long term the
market is expected to push bearish in the down trend.
The market is hitting a future high price. One of two
things should take place. The future high price holds
and the market pushes bearish towards the south or
the future high price does not hold and the market
pushes bullish towards the down trend line.

I am going to turn to the daily time frame and will look
for high prices in the sell zone.


The GBP/NZD Daily time frame is at a high
price in the buy zone. The monthly time
frame says long term the market should
fall bearish. I am going to wait for the
market to form a high price in the sell
zone. Then I will turn to the one hour
time and look for counter trend line
breaks bearish.