GBPNZD ON LONG
GN have been on the upward movement since Nov 8th and it doesn't look like it will slow down soon, well according to my analysis though *smiles
- Retested the RESISTANCE zone multiple times at 1.96000 and ended last week on the 4TF (3rd of December) with a bearish candle stick.
- Price bounced off on the 50SMA on the 3rd signifying that the buyers are still in the zone.
- Triple top pattern is forming right at 1.96000 causing a downward trend which will get to 1.95500, a bullish confirmation candle will propel the price further up the chain.
This is my own personal analysis....always check before going into the market.
Thanks
- Retested the RESISTANCE zone multiple times at 1.96000 and ended last week on the 4TF (3rd of December) with a bearish candle stick.
- Price bounced off on the 50SMA on the 3rd signifying that the buyers are still in the zone.
- Triple top pattern is forming right at 1.96000 causing a downward trend which will get to 1.95500, a bullish confirmation candle will propel the price further up the chain.
This is my own personal analysis....always check before going into the market.
Thanks
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