GBPNZD- WHAT'S NEXT?!
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Today, we see that GBPNZD is nearing a very common supply and demand zone, therefore we must wait to see if it would like to react corresponsive to our current downtrend, or if it would like to retest where we first entered our longs(1.91200). Keep in mind price can potentially do neither of those options and just completely move upwards after a short pullback. I am still bull bias on this pair unless it breaks another major structure downwards; & will be looking for more long opportunities if the chance is provided.
Keep in mind I am not a financial advisor and this is just my opinion.
GBPNZDGBPNZDToday, we see that GBPNZD is nearing a very common supply and demand zone, therefore we must wait to see if it would like to react corresponsive to our current downtrend, or if it would like to retest where we first entered our longs(1.91200). Keep in mind price can potentially do neither of those options and just completely move upwards after a short pullback. I am still bull bias on this pair unless it breaks another major structure downwards; & will be looking for more long opportunities if the chance is provided.
Keep in mind I am not a financial advisor and this is just my opinion.
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