Hello Traders, so for this week on the pair GBP/NZD. I will be shorting this pair. We are overall in a downtrend, so for now I won't fight against the trend. The pair has come to a point of resistance which is where I will enter. Another reason for entering is we have a bearish engulfing candlestick on the 4hr time frame. With this pair, it's usually a sign for more continuation to the downside.
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.