GBPNZD ( SELL ORDER 2.30% )
GBP/NZD Setup
🕐 4HR'S Chart
📋 Educational
🧾 : WHY IS GBPNZD GOING DOWN?
Economic indicators and data releases from both the United Kingdom and New Zealand can have a significant impact. If New Zealand's economic data suggests a stronger economy compared to the UK, it can lead to increased demand for NZD and a depreciation of GBP, causing GBPNZD to go down.
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Bearish Break
2.02660 Area
Reasons
Major Trend Line / M
Major Resistance / M
Visible Range Hvn
Channel Break
M / Low Break
Take Profit
Second entry
1.98700
Bullish Reversal
1.94600 Area
Reasons
Major Turn level / D
Major VP POC
W / M LOW
FIxed Range Pov
Golden Fib
——————————
Setup inspired by GoldenEngine Check him Out:)
🕐 4HR'S Chart
📋 Educational
🧾 : WHY IS GBPNZD GOING DOWN?
Economic indicators and data releases from both the United Kingdom and New Zealand can have a significant impact. If New Zealand's economic data suggests a stronger economy compared to the UK, it can lead to increased demand for NZD and a depreciation of GBP, causing GBPNZD to go down.
——————————
Bearish Break
2.02660 Area
Reasons
Major Trend Line / M
Major Resistance / M
Visible Range Hvn
Channel Break
M / Low Break
Take Profit
Second entry
1.98700
Bullish Reversal
1.94600 Area
Reasons
Major Turn level / D
Major VP POC
W / M LOW
FIxed Range Pov
Golden Fib
——————————
Setup inspired by GoldenEngine Check him Out:)
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.
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.