Hi Traders:
GBPNZD is in my weekly analysis/outlook, and today there might be some opportunity to short if the price action pulls back to a desire entry.
GBPNZD finally broke down daily support after many days of consolidations, now the 4 hr chart broke down support trend line. Waiting for a pullback, lower high to confirm bearish trend change before enter the short position.
Target 1: 1.8460 (3.43% Profit)
Target 2: 1.8300 (5.71% Profit)
Thank you for your support and feedback.
GBPNZD is in my weekly analysis/outlook, and today there might be some opportunity to short if the price action pulls back to a desire entry.
GBPNZD finally broke down daily support after many days of consolidations, now the 4 hr chart broke down support trend line. Waiting for a pullback, lower high to confirm bearish trend change before enter the short position.
Target 1: 1.8460 (3.43% Profit)
Target 2: 1.8300 (5.71% Profit)
Thank you for your support and feedback.
Note
Daily chart key resistance line/zone @1.8800. Good bearish engulfing could indicate a strong bearish momentum for the price action. Wait for intraday's price action to firm lower high before entering. 
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Related publications
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.