GBPNZD - Daily Timeframe Overview - Short Opportunities
A very interesting pair we are currently monitoring at the moment,
GBPNZD
seems to be at the very final stages of a nice, solid and very clean corrective structure. More in detail, the pair has been forming an ending diagonal pattern to the upside, which would be a strong signal that the pair is bound for a big movement to the downside on the daily and weekly timeframes, with a potential target to at least re-test the bottom trend line of the daily corrective structure. If our analysis is correct, this would represent a great occasion to go short on this pair, with an excellent profit potential.
Updates on smaller timeframes will follow.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Thank you for viewing.
GBPNZD
seems to be at the very final stages of a nice, solid and very clean corrective structure. More in detail, the pair has been forming an ending diagonal pattern to the upside, which would be a strong signal that the pair is bound for a big movement to the downside on the daily and weekly timeframes, with a potential target to at least re-test the bottom trend line of the daily corrective structure. If our analysis is correct, this would represent a great occasion to go short on this pair, with an excellent profit potential. Updates on smaller timeframes will follow.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Thank you for viewing.
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