W2Capital
Short

GBPNZD - Setting up for a HUGE Short

FX:GBPNZD   British Pound / New Zealand Dollar
GBP, is setting up for the bears to take control, after MTF analysis shows price action underneath 200ema.

GBP/NZD on the 1hour timeframe, Doji candle rejection off of the 200ema, price action in particular really interests me - It is currently 'hovering' above the ascending trendline support level which could create a really good opportunity. Like an eagle I am watching for the break of the hover support level , before testing the ascending trendline..... chart with notes to follow …….
Comment: GBP/NZD Update, over extension on the close of the hover level and currently fake breakdown and bullish engulfing bar on the 1 hour, negating the trade idea for a further breakdown / continuation..... The nature of the market is clearly supporting a Bullish GBP, so we sit on our hands and await further insight to the market direction.....

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out