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This pair has been down trending for a while, we have seen the pull back we have been waiting for. we currently are in a bearish channel and could expect it to drop to around 1.86000.
THIS IS MY BEARISH TREND ANALYSE. WAIT FOR FALL BACK PREVIEWS SUPPORT AND RESISTANCE ZONE AND WAIT TO HOW TO RESPECT FOR PRICE IN ZONE AFTER TREND CONTINUE TO DOWNTREND MOMENT YOU CAN SELL YOUR ODER LH LEVEL HOWEVER WAIT FOR STRONG PRICE BREAKDOWN TO BEARISH .GOOD LUCK
stil big chance for a long trade,.. but i will anyway first wait that we break previous HH ,.. i want to be sure that we wont make it double top and reverse down,. if we break previous HH ,,then i will take a long trade,..
Looking to go short on GBPNZD lot of confluence on the trade 1) Sitting on my institutional level 1.9150 2) Making a trendline rule i use in taking trade 3)The market is in overall downtrend But i am still waiting for candlesticks formation to hop on this if there is no candlestick confirmation then am not taking the trade
Technical analysis based on Basic BBMA strategies ( Bollinger Band and Moving Average) . This is just a prediction where the market go. TAYOR. Potential Sell Entry point: Reentry MHV 1.91106 Cutloss : When CS able to close and break Top BB as Momentum Buy.
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Analysis of #GBPNZD Hello friends, Price has been moving up while RSI is moving down this a good sign if confluences with other signs like price moving to a very strong structure level, could provide a nice entry for short I will be watching this pair to see if it will provide a valid high probability entry that meets my rules for a good risk to reward...