Phos_investments

Phos_investments

THE GBPNZD PAIR HAS BEEN MOVING IN THE CHANNEL SINCE 2017 AND IT JUST BROKE OUT OF THE CHANNEL. A RETEST HAS BEEN DONE, THIS IS THE GREAT OPPORTUNITY TO GO SHORT ON THIS CURRENCY. WE WILL SEE IT RALLY TO 1.82700 ZONE.

Phos_investments

THE GBPNZD HAS BEEN MOVING A CHANNEL FOR YEARS UNTIL RECENTLY IT BROKE OUT OF THE CHANNEL. THERE HAS BEEN A RETEST AND THERE IS A REJECTION AT THIS 1.90050 ZONE. SO FROM MY ANALYSIS II EXPECT THIS CURRENCY TO MOVE TOWARD 1.82700. SUPPORT OUR CHANNEL BY FOLLOWING US SO THAT WE CAN POST MORE SETUPS, MERRY CHRISMAS TO YOU.

Phos_investments

A look at the bottom candles, we see a pinbar candle and bullish engulfing patterns this shows a reversal of the trend. God long if you want to make some money.

Phos_investments

A look at the bottom candles in the ellipse shows a trend reversal.

Phos_investments

A closer look at the candles shows that there is a strong support level @ 2.03429, therefore making creating a pin bar candle. The Rsi is above 70 which means the currency has been over bought. Go short on this. Like the idea and follow my channel if you agree with the idea. Have a blissful trading week.