TradingView
ovidiu_andi
Jun 10, 2019 6:42 AM

GBPNZD Daily Analysis Short

GBP/NZDOANDA

Description

The correction's gone pretty good at 78% fibonacci, but if this is an early-staged downtrend, than it also confirms the last zone as being a distribution. The LL's there, and to confirm this LH, we need another LL, which I won't wait for. Also, the 200 SMA is flattening, meaning there is still not a definite direction on the overall trends. But, finally, I can see that the 2.000 psychological level has provided enough supply for the price to plummet.

Comment

GBPNZD Full analysis:



More