GBPNZD Weekly analysis, potential short entry
Hi everyone,
Just doing my analysis for the week so thought I would put up a couple of charts to get some constructive feedback. I am swing trading at this stage by the way.
Descending triangle has formed IMO signalling continuation of a bearish trend at the point.
3, 7 and 50 EMA's are all in order for a short set up, which is consistent with my strategy, however choppiness is at 61 which is just too high to enter now.
I will watch the action on this chart, awaiting a potential short set up in the coming days.
Any feedback is appreciated.
TIA!
Just doing my analysis for the week so thought I would put up a couple of charts to get some constructive feedback. I am swing trading at this stage by the way.
Descending triangle has formed IMO signalling continuation of a bearish trend at the point.
3, 7 and 50 EMA's are all in order for a short set up, which is consistent with my strategy, however choppiness is at 61 which is just too high to enter now.
I will watch the action on this chart, awaiting a potential short set up in the coming days.
Any feedback is appreciated.
TIA!
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