Here we have GBPNZD on the Daily time frame. For the last 3 weeks this pair has been in a rapid decline. I think it's time we give some of that back.
Price ended the week sitting right at quarter level 1.925 and also a strong trendline. I believe price will find support here before pushing back up two, possibly even three quarters to major quarter level 2.0.
GBPNZD is clearly a pair that likes to respect quarter theory so thats why I see the market doing what I think it will do.
Trade at your own risk. I am not qualified to give investment advice.
Happy trading :)
~TraderTrev
Price ended the week sitting right at quarter level 1.925 and also a strong trendline. I believe price will find support here before pushing back up two, possibly even three quarters to major quarter level 2.0.
GBPNZD is clearly a pair that likes to respect quarter theory so thats why I see the market doing what I think it will do.
Trade at your own risk. I am not qualified to give investment advice.
Happy trading :)
~TraderTrev