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Gbpnzdanalysis

GBP/NZD Bears looking to take price lowerLet's take a look at two worst performers of last week. We can see that price for this pair is at key resistance line of descending channel. Looking at price action more closely (1H chart) we can see that price has already showed us that bulls momentum has been cooling off. However, we will wait for next 4H candle to close before we will open any short positions. As many NZD pairs has showed us that the price is at key level we tend to believe that Kiwi will have better results upcoming week. What do you think about this idea ? Let us know in comments and don't forget to hit that like and follow button to help us grow this channel :) Good luck !
Short
by UnknownUnicorn3249870
GBP/NZD short-sell weekly chartGBP/NZD short-sell potential weekly chart overbought levels in rsi, bb, demarker 3:1 risk reward ratio 300 pips vs 900 pips high pennant resistance 2.100/ 2.0500 stop-loss, support low 1.900 target-profit Economic calendar release for NZD RBNZ Interest rate decision 0.25% vs 0.25% and GDP for GBP (QoQ) -2.5% vs 0.0% (YoY) -2.1%vs 1.1% Open Market in monday has potential (DCB) dead cat bounce 2.0420 oversold in demarker 30 mins - 4hr and trend continuation to downwards
by razeswag77