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** GBPNZD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Markets is largely expecting the BOE to hike Rates in the December meeting. the positive print in the inflation data this morning further fuels the expectation of the 15 basis point hike to be this coming meeting. we are expecting the BOE to disappoint the market hence we have a very bearish bias on the GBP currency. technically we expert a completion of a WXY...
a. 1W – Candle closed with a bearish sentiment.
b. 1D - Uptrend has been broken, therefore we are looking for a re-test and some short position .
Thoughts:
A lot of news directly influenced the price movement last week. And there is no doubt if #DXY will continue to gain strength this pair is more likely to continue its downtrend.
The alternative scenario...
I put an alert to make an another buy at this zone, I reccomend to put a break even of the higher lower at the $1.2464 to protect you position, now on there, you are going in profit and protect 83 pips.
And now, I'm interestint to put another buy with 0.01 lots, and there are a possibilit to rech at the Daily zone yellow at the $1.26 USD and a profit of other 200...
