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Gbpnzdshort

GBPNZD ANALYSIS** JUST AN IDEA. NOT A SIGNAL ** Sorry we haven't posted in two weeks due to covid. We are back with GBPNZD, as we can see a weekly downtrend is continuing as the days go by. Momentum has been lost this week over the last few days with signs of a reversal. If the trade chooses to break 1.92770 barrier I expect to see a nice uptrend. Else if the trade breaks the 1.91360 line then I expect a nice downtrend drop. Interesting trade to keep an eye on. Thanks for viewing! Please support this idea by liking and leave any comments you wish ✨ Feel free to support us with a follow, join us for free on telegram t.me ✨ Drop us an email on admin@snapforex.com if you would like to get in touch ✨ SnapForexOfficial.
by SnapForexOfficial
GBPNZD H1 SHORT PRICE ACTION FORECAST Pair under a clear bearish momentum, currently in consolidation. Now from a D1 domain, MACD is signaling a mild bullish force for an expected correction in H1. Price correction should be towards the predominant descendent trendline in confluence with Fib level 5.0, where the entry for a short trade should be considered The order: Type: sell-limit S/L: 53 pips - R:R | 1:3 - T/P: aiming at the key support level from previous LL -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER