GBP/NZD Bearish Movement coming. By ThinkingAntsOk
4H CHART EXPLANATION:
We observe that price left a clear rejection to the Confluence Zone explained on the Daily timeframe. Now, it is consolidating on a rectangle, so, we are waiting for a breakout of this figure. The first target of the movement is the Support Zone (previous resistance Zone) at 2.000. If this zone is penetrated, then price has potential to reach the Ascending Trendline.
DAILY CHART ANALYSIS:
We observe that price left a clear rejection to the Confluence Zone explained on the Daily timeframe. Now, it is consolidating on a rectangle, so, we are waiting for a breakout of this figure. The first target of the movement is the Support Zone (previous resistance Zone) at 2.000. If this zone is penetrated, then price has potential to reach the Ascending Trendline.
DAILY CHART ANALYSIS:
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.