GBPNZD daily on the left, break of the trendline, potential bear market
H4 on the right, expecting a retest of the broken through trendline + fib level + reaction off smaller scale trendline for the sell orders to kick in.
The only thing making me unsure / dislike this setup is the uncertainty in the GBP and potential random spikes due to random news.
Also keep an eye out for NZD news later on this week.
1. This profile is for educational purposes ONLY!
2. The setups given are my own perspective of the forex market and by no means require action!
3. Trading involves risk, past profits do not guarantee future results, so never risk what you are not willing to lose!
@PipsOfPersia
t.me/pipsofpersia
H4 on the right, expecting a retest of the broken through trendline + fib level + reaction off smaller scale trendline for the sell orders to kick in.
The only thing making me unsure / dislike this setup is the uncertainty in the GBP and potential random spikes due to random news.
Also keep an eye out for NZD news later on this week.
1. This profile is for educational purposes ONLY!
2. The setups given are my own perspective of the forex market and by no means require action!
3. Trading involves risk, past profits do not guarantee future results, so never risk what you are not willing to lose!
@PipsOfPersia
t.me/pipsofpersia