GBPNZD pullback?
GBPNZD ready for pullback?
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There seems to be either a triple bottom or inverted head and shoulder in the 4 hours chart. Yet to confirm since price yet to penetrate neckline.
Volume seems to be higher on the left side compared to the left.
Expect the pair to pullback to at least the resistance line.
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Note
Instead of making a pullback up, this pair looks like going to go lower. Yesterday's key reversal couple with an inside bar from the previous 2 days give a strong indication that this is about to go lower. Will be looking for opportunity to SHORT the pair.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.