GBPNZD Short - Multi Timefame Analysis
* GBPNZD Forming LH & LL on weekly and daily and stuck within a descending channel for last 2 months
* GBP had an extended move last week on election rumour but rejection at channel top last week
* Considering Election uncertainty on 12th Dec, it's unlikely to break to the upside before the result.
* After Friday's bearish engulfing candle close, price has retraced to 61.8% fib and previous support-now resistance at 2.0080-2.0100 area.
* Price seems to be respecting the level on lower time frame, there's RSI divergence on 1Hr timeframe and I believe this could be a good place to short
* GBP had an extended move last week on election rumour but rejection at channel top last week
* Considering Election uncertainty on 12th Dec, it's unlikely to break to the upside before the result.
* After Friday's bearish engulfing candle close, price has retraced to 61.8% fib and previous support-now resistance at 2.0080-2.0100 area.
* Price seems to be respecting the level on lower time frame, there's RSI divergence on 1Hr timeframe and I believe this could be a good place to short
Trade fermée: cible de profit atteinte
TP1 reached. Stop loss @ Breakeven for TP2
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.