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Gbpnzdsell

GBP/NZD in my opinionHello guys! Again Vugar here. By following GBP/AUD, I decided to write some sentences about it. Already, we see that it created flat channel or something like it. Channel upper level is 1.93550, bottom line is 1.90867. The is most important is its median. Median is parallel line among trend channel. In GBP/NZD, median is 1.92480 approximately. What can we wait for? Price now is 1.9213. This is too closer to median. In this case, have one decision: - put SELL STOP at 1.92000! TP 1.91328 SL 1.92700 If we will have a chance (a little) then we will be successful in the end of day! Good luck!
Short
by Forexcues
20 Reason for sell GBPNZD 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1 ✨Eagle eye: multi years double bottom 2 📆Monthly: market make lower high even protect their last low during September's volatile moves 3: 📅Weekly: protect the previous high and after it, formate a clear inverted flag that indicates the down move will continue till you grab 50% of the wick liquidity 4: 🕛Daily: a side or range bond market 😇7 Dimension analysis 🟢 analysis time frame: daily 5: 1 Price Structure: bear 6: 2 Pattern Candle Chart: down base down 7: 3 Volume: Average 8: 4 Momentum UNCONVENTIONAL Rsi: favor in bear 9: 5 Volatility measure Bollinger bands: after a tight squeeze downside bear walking on the band formation 10: 6 Strength ADX: the bear is in power 11: 7 Sentiment ROC: GBP is weaker then NZD ✔️ Entry Time Frame: H4 12: Entry TF Structure: bear 13: entry move: impulse 14: Support resistance base: 20 ma resistance 15: FIB: trigger event done ☑️ final comments: sell 16: 💡decision: sell at open high 17: 🚀Entry: 1.9100 18: ✋Stop losel: 1.9280 19: 🎯Take profit: 1.8575 20: 😊Risk to reward Ratio: 1:5 🕛 Excepted Duration: 5 days
Short
by Optimum369