SHORT - GBPNZD (WK D H4) (26 May 2023)
SWING TRADE - GBPNZD
This is another interesting pair to watch.
In Monthly, it has been ranging
In Weekly, price has been tested around Jan 2022
Hence, price is again reaching the same supply zone
- To watch closely whether price will react again and SHORT opportunities can present itself in lower TFs i.e. Daily and H4
This is another interesting pair to watch.
In Monthly, it has been ranging
In Weekly, price has been tested around Jan 2022
Hence, price is again reaching the same supply zone
- To watch closely whether price will react again and SHORT opportunities can present itself in lower TFs i.e. Daily and H4
Note
Price has reached WK supply zone. However, it has done nothing significantly in terms of price action to act upon.Hence, more observation is needed in the D1 and H4 TF for confirmation before anything can be done
Note
Note
Price is expected to pierce deeper into the Monthly supply.Hence, there is a potential SELL zone in D1 chart.
A pending SELL limit order has been placed on 1 June 2023
Trade active
Trade closed: target reached
Trade is closed and a new analysis will be done.
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