GBPNZD giving us a SHORT ENTRYAs we can see, the value has retested a point 3 in the downtrend and is now falling without any other retest and in a really hard way, so this is our confirmation to enter in the operation, our first TP could be in the weekly KL and the second one will be in the monthly KL.
Gbpnzdsell
GBPNZD 90 PIPS 80% Accurate TradeThe Zone of 20.02871 has not yet been broken which means we can have a sell at this point for 90 pips straight with tp 20.1746 and fun part is it just re tested the zone on the last day just to make sure it will drop on Monday so just wait for the market to open and enter in sell
After trying out this signal come back and follow me and comment your'e experience
GBPNZD approaching support, potential for a bounce!
GBPNZD is expected to drop to 1st support at 1.98139 where it could potentially react off and up to 1st resistance at 2.00959.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
ANALYSIS ON GBPNZDANALYSIS ON GBPNZD
Welcome to my analysis
-
4HR CHart
-
Interesting Point of interest In the GBPNZD pair.
- Price above 200 day EMA.
- Expecting price drop before we go for the buy.
- Watch top for sell.
- expecting move to around 2.04500.
- STOCH RSI showing bearish divergence on other time frames
MAJOR REJECTION ( Head and Shoulders) | GBPNZDAs our overall analysis on the Daily is a Head and Shoulders, thus the market is rejection the Major Resistance meaning a loss of momentum for buyers
- We look for retraces to Sell and go long as it made a minor Head and Shoulders on 1HR
- Patience as we wait for the drop