FxWirePro
Short

GBP/NZD forms descending triangle,good to sell on rallies

FX:GBPNZD   British Pound/New Zealand Dollar
261 2 4
Pattern- Descending triangle pattern

Major support – 2.2300 ( trend line joining 2.2410 and 2.23150)

GBP/NZD has declined till 2.2274 at the time of writing and slightly recovered from that level. Overall trend is bearish as long as short term resistance 2.2700 holds.

Any break above 2.2700 will take the pair to next target 2.2840/2.299.

On the lower side close below trend line support will drag the pair down till 2.160 level.

It is good to sell on rallies around 2.2320-25 with SL around 2.2700 for the TP of 2.160
HI, sell ?

GOOD trader ! thanks !
Reply
Thank you
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out