FullTimeTrader

GBPNZD-long term short

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FX:GBPNZD   英鎊 / 紐元
25
From my point of view this pair is starting a strong correction after a monster rally.
Finally price broke below important S/R level 2.400 with a decisive candle and gained stability below it. I expect this level to hold.
We have also a trendline broken and being retested.
MACD shows strong bearish momentum.

Im using as confirmation an interesting tool called "cyclone revolution", the EMA 8/13 cross is the confirmation for a sell.

Weekly chart is also strongly bearish:


Best regards.
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