Hi Traders according to my technical analysis market will sell from 1.95300 To 1.97000. This is the sell zone area and stoploss is 2.00000 and TP is 1.88000. But remembered this is just a market idea it's not 100%. So please take entry on your own risk and must use stoploss. Thank you
A lot has happened since I posted GBPNZD long term shorts, price has broken back into the ascending channel and is now in it's correction phase, in the form of a flag, This could potentially be another chance to get in on the shorts, with a small ascending channel at the top of the flag, we could potentially see it's completion and another move to the downside.
Gbpnzd is making a downward trend and it will continue its sell trend there is possibility it can retrace back around 80-180 pips but than again it will continue its sell trend.
