22 Oct 2019

GBP/NZD Forex Analysis and Forex Signal

by | posted in: Market Commentary, slick trade, slicktrade, SlickTrade Online Trading Academy | 0

We received a short signal on the GBP/NZD yesterday, on the D1 timeframe.

I think this is a great short move on GBPNZD with either a BREXIT Deal or No Deal. There might be a rapid spike up due to the volatility of GBP but this is a great setup for shorts.

What Others Are Predicting

BREAK 23.6 FIBO FOR SELLING
GBPNZD DAILY TIME FRAME SHORT IDEA
Reason to short: 1.Red pressure line with strong bear signals; 2. The end of the weekly 5th wave; 3. Wide double head.

My Thoughts!

  • Price has reached a strong resistance level on the D1 timeframe.
  • Brexit may cause volatility and long continuation.

Our short target range is 1.99500 – 1.93452

Cheers to another successful week!

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