GBPNZD sell trade idea 21 06 2021
SELL GBPNZD 1.9838
SL: 1.9868
TP1: 1.9818
TP2: 1.9798
TP3: 1.9778
Signal Analysis by LCMS Traders
Currency Pair: GBPNZD
SELL GBPNZD 1.9838
Timeframe: H1
Step 1 - Previous News: GBP: Retail Sales decline in consumer spending, NZD: -
Step 2 - Trend: Up, Counter Trend
Step 3 - Support/Resistance: Breaking Through Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: slow down, fast turning up
- Stochastic: H4 heading down
- PSAR: bearish
Step 5 - Upcoming News: GBP: -, NZD: Westpac Consumer Sentiment tomorrow 0500hrs
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