GBPNZD Potential Price Movement: Bearish Trend Ahead
Hi there,
GN looks bearish but is over a low support zone denoted as (A). At this level, the price is currently neutral.
The price could go up to form a (B) high, but there is no way for me to know where that B-high might be, but on schematics, it will potentially be near the 2.06.
The significant area is 2.04073; there needs to be a lower high that breaks (A), (b) that fails to be a higher low and breaks that level, or (B) that will have strong bearish momentum to break it.
For that reason, the current price movement is neutral with bearish interests.
Happy Trading,
K.
GN looks bearish but is over a low support zone denoted as (A). At this level, the price is currently neutral.
The price could go up to form a (B) high, but there is no way for me to know where that B-high might be, but on schematics, it will potentially be near the 2.06.
The significant area is 2.04073; there needs to be a lower high that breaks (A), (b) that fails to be a higher low and breaks that level, or (B) that will have strong bearish momentum to break it.
For that reason, the current price movement is neutral with bearish interests.
Happy Trading,
K.
Order cancelled:
The price did not meet the required expectations and went above B. Cancelled