GBPNZD, can bear continue to dominate the market?
On Monthly TF.
Clear rejection on Monthly Resistance Level, the formation of the bearish pin bar.
On Weekly TF.
Monthly Resistance Level rejected, price on Higher Low point.
On D1 TF.
Series of HH and HL's formed!
It's clear that the market is UPTREBDING Market Structure but there's a huge possibility that the channel is going to be broken which will give a clear cue that the next stop will be 1.9000 resistance level!
Patiently waiting for price reaction on HL on up trending channel!
On Monthly TF.
Clear rejection on Monthly Resistance Level, the formation of the bearish pin bar.
On Weekly TF.
Monthly Resistance Level rejected, price on Higher Low point.
On D1 TF.
Series of HH and HL's formed!
It's clear that the market is UPTREBDING Market Structure but there's a huge possibility that the channel is going to be broken which will give a clear cue that the next stop will be 1.9000 resistance level!
Patiently waiting for price reaction on HL on up trending channel!
Trade active
Price retest and rejected at Monthly key level!! UK CPI at 2.1% vs 2.2% forecasted!! Still, there is a great possibility that bears are going to dominate the market!!Trade active
As we closed below 1.94000 price level, price is on a free movement towards 1.93000 level!Trade active
Today we observed losses for GBP, price closed below 1.94000 price level which open doors for 1.93000. I expect some pullback but Patience is key, let's swing this trade!!
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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.