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WillowKid
Nov 11, 2018 6:11 PM

GBPNZD 11.11-11.16 

British Pound/New Zealand DollarFXCM

Description

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
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