Hello traders
GBPNZD could be in for a possible retest of the
previous support turned resistance
scenarios could be
1 a test of the resistance for a continuation sell
2 a break of the resistance could possibly be a deep or dirty retest to 2.06215
which was the previous support that led to the fall
3 if price rejects that area watch for a bearish candle for continuation sell
4 a break of the 2.06215 zone could be a test of the previous swing high and will turn my
bias to a bullish bias again.
confluence for bearish is the weekly pivot (green line) indicating that price is bearish till that pivot
breaks
temporarypullback confluence break of the 20 sma
GBPNZD could be in for a possible retest of the
previous support turned resistance
scenarios could be
1 a test of the resistance for a continuation sell
2 a break of the resistance could possibly be a deep or dirty retest to 2.06215
which was the previous support that led to the fall
3 if price rejects that area watch for a bearish candle for continuation sell
4 a break of the 2.06215 zone could be a test of the previous swing high and will turn my
bias to a bullish bias again.
confluence for bearish is the weekly pivot (green line) indicating that price is bearish till that pivot
breaks
temporarypullback confluence break of the 20 sma