GBPNZD should head down during the week of 21 Nov.
GBPNZD is consolidating in a channel structure. When such PA develops at the bottom of a bearish move, IMO the breakout will be in the same direction as the preceding trend. Traders also know this as the "bear flag".
I will be looking to take a short around the 1.9590 region, if we get a move to that area followed by some bearish PA on a lower time frame.
Always use sound money and risk management and stay patient in all your trades.
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I will be looking to take a short around the 1.9590 region, if we get a move to that area followed by some bearish PA on a lower time frame.
Always use sound money and risk management and stay patient in all your trades.
If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content.
What do you think about this trade idea? Please comment and share your thoughts!!
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