GBPNZD | A Possible Short-term Reversal

Hi,

1. 2017 High
2. Previously worked resistance level
3. The major black trendline
4. The round number
5. Fibonacci Extension
6. Minor trendlines
7! At the moment, GBP pairs are very risky to trade. So, definitely you should wait for a bearish candlestick formation inside the red marked area - min. timeframe 4H.

Regards,
Vaido

Kommentera:

If you are in, tighten your stops because of U.K. Interest Rate Decision!
If you are not, step aside - because of the high volatility.