Looking to sell the GBPNZD. 2 possible prices for retracement to then enter short.
Idea 1 sell around 1.72 - 0.382 fib of move from 1.7476 to 1.7050, 0.618 fib of move from 1.6704 tp 1.8000 and 4 day EMA
Idea 2 sell around 1.7267 - bee support twice (10/01 & 11/01) & acted as resistance on 12/01
Initial target 1.6930
Looking for retracememnt up to 0.618 fib level of recent move from 101.15 - 99.53. Strong support in 100.93 - 101.16 area :-
Previous high
10 EMA on daily time frame which has held as resistance for long time
200 SMMA on 30 minute chart which has held as resistance for long time
0.500 fib level of move from 102.65 - 99.53
Looking for retracememnt up to 0.618 fib level of recent move from 101.15 - 99.53. Strong support in 100.93 - 101.16 area :-
Previous high
10 EMA on daily time frame which has held as resistance for long time
200 SMMA on 30 minute chart which has held as resistance for long time
0.500 fib level of move from 102.65 - 99.53
