Godal Member's, Traders and Aspiring Traders . Todays shared post is on .
Pair : GBPNZD
Time-Frame : Daily
Biased - Bearish
Outlook : The daily bullish trendline didn't hold and was broken , alongside this no bullish structure formed which explains why the trendline did not manage to hold .
Now it has been broken and a new lower low has formed, I will be waiting for a pull back for potential trade where the circled area is for further downside if rejection begins to take place at the newly found resistant level .
Pair : GBPNZD
Time-Frame : Daily
Biased - Bearish
Outlook : The daily bullish trendline didn't hold and was broken , alongside this no bullish structure formed which explains why the trendline did not manage to hold .
Now it has been broken and a new lower low has formed, I will be waiting for a pull back for potential trade where the circled area is for further downside if rejection begins to take place at the newly found resistant level .