When we posted our GBPNZD ideas some of you came back to us with negative comments, some even stopped following us 😿
Well we did insist on posting it and it did happen and we had the guts, patience, psychology and risk management working for us in order to get to the profits.
Again, technical analysis never lies but you guys need to learn how to TRADE if you...
We Have an Analysis Of GBPNZD H1. This Analysis Based On Price Action Theory.
According to Multiple Analysis, We Can See That the Market has a Bullish Direction but the market rejected the price from the resistance level Even those market bullish because the market also retests the trend line so on behalf of this we have a target (resistance) level @1.961470 &...
- Last week the market was in a consolidation area being indecisive. By the end of the week it had make two exhaustion on daily with inverted hammer.
- This week we look to sell as the market makes a decision to weaken
- 4HR we have selling in the market as it creates an engulfing
GBP/NZD short-sell potential weekly chart overbought levels in rsi, bb, demarker
3:1 risk reward ratio 300 pips vs 900 pips high pennant resistance 2.100/ 2.0500 stop-loss, support low 1.900 target-profit
Economic calendar release for NZD RBNZ Interest rate decision 0.25% vs 0.25% and GDP for GBP (QoQ) -2.5% vs 0.0% (YoY) -2.1%vs 1.1%
Open Market in monday has...