Technical Analysis


GBPNZD is trading at daily resistance level in confluence with MM3 - bears sell zone for the month. I'd go into smaller TF and look selling opportunity with monthly swing target at MM1 - 1.7110


On 4hr, price broke out of 4hr bullish trendline. If Price continues to consolidate around the trendline, that would be good bearish indication and I'd be looking to sell at the break of that consolidation. If price reverse sharply from trendline and makes a new high, this sell setup will be invalid for the time being. I'd be watching this pair closely and we don't want to miss the sell on this pair.

One thought on “GBPNZD Daily Sell Setup – 11th Apr 2017”

  1. Maryna says:

    Hey Joe, my initial plan was to sell this pair about a week or so ago, but no signals to sell, so I continued buying the pair and while it closes above the 1.7935 level on a Daily chart and until I see NZD becoming stronger than GBP, I will continue buying.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.