– Previous Daily candle closed Bearish at 169.490 forming new Daily Resistance at 170.600.
– Buys on close above 169.830 targeting 4h previous Support formed at 170.150, Leaving Runners to the recent Daily Resistance formed on Wednesday 10th May 2023 at 170.600.
– Sells on close below 169.110 targeting Daily Support at 168.740, Leaving Runners to the 1h Support...
– Previous Daily candle close Bearish at 161.100 back in the range forming new Daily Resistance at 161.800.
– Buys on close above 161.360 targeting Daily Resistance at 161.810, Leaving Runners to the 1h Resistance at 162.310.
– Sells on close below 160.800 targeting 1h Support at 160.290, Leaving Runners to the 4h Support at 159.850.
– High Impact News ahead for...
I was hesitant to post this trade setup and idea earlier in the week, however with the proper fundamental analysis as well as technicals there were clear indicators that GBPNZD was going to have a large selloff until it retested the trendline set in the 4h chart as well as the daily trend, if it breaks the "heartline" we will seek a reentry for a bearish movement....
