GBPNZD | Consolidation | Next Move ?

321
GBPNZD has been in good bullish trend. It is following trendline by its heart. Currently, price is consolidating in a box (distribution likely). Price can follow two senarios from here;

a) Bearish: The consolidation is likely to be distribution and expect bears to be active from here. If price manages to break rising trendline then bears will take price to atleast 2

b) Bullish: The consolidation after taking support from falling trendline, may rise to new highs.

Trade your levels accordingly.

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.