GBPNZD | Perspective for the new week
Updated
Price action has been caught within a supply and demand sandwich in the last 3 months to confirm the indecision that has gripped the market after a bearish prior leading price action. Could we be expecting a bearish momentum this week? In this video, I explained how we could take advantage of a bearish momentum if we finally witness a breakdown of the bullish trendline identified in the daily time frame.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Trade active
We finally have a signal in the form of a breakdown of the key level at 1.94000 areaTrade active
With a breakdown/retest confirmation; I am loading up for entries with opportunities of having multiple entriesTrade active
We are on trackTrade active
1.93600 level appears to be a strong zone for buyers as price action comes back to the entry pointA breakout/retest of the bearish trendline negates all sell bias. I shall keep you posted...Good morning
Comment
We finally witnessed a breakdown of the 1.96300 to signal the bearish momentum; we want to be adding more position at the retest of this structure.Good evening
Trade active
We are still on track as we anticipate a retest of the 1.93500 area or zone to add more position to our existing trade. However, if the price doesn't go thus far, a breakdown/retest of 1.92800 should welcome another selling opportunity.Good Morning
Trade active
We are still on trackTrade active
Trade smart. Trade consciously
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