Retracing Back From Top of Rising Wedge : Short for 200 Pips
Even though after BOE there was no big movement in pair , we expect price to follow its technical price action , which suggests retracement from top of wedge line towards 20 DMA or maybe lower,
For now we are short on pair for test of 20DMA , but since rising wedge is a Bearish Pattern , we will hold GBPNZD short for futher weakness,
For now we are short on pair for test of 20DMA , but since rising wedge is a Bearish Pattern , we will hold GBPNZD short for futher weakness,
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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.