Hello guys, this is my trade idea on the GBP/NZD currency pair this week. I opt for a sell on the pair given that the price has broken and retested the W1/D1 HTF area of value in addition to the following confluence factors: (1) Price below EMA, (2) Current market structure is bearish, (3) Descending Triangle - Bearish continuation chart pattern.
Best of luck guys!
Best of luck guys!
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