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GBPNZD sell trade idea 12 08 2021

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#OPINIONLEADER# #Signal#

SELL GBPNZD 1.9709

SL: 1.9739

TP1: 1.9689

TP2: 1.9669

TP3: 1.9649

Signal Analysis by LCMS Traders

Currency Pair: GBPNZD

SELL GBPNZD 1.9709 

Timeframe: H1

Step 1 - Previous News: GBP: UK Preliminary GDP increased as expected, NZD: Inflation Expectations decline in sentiment

Step 2 - Trend: Down, Trend Following

Step 3 - Support/Resistance: Moving Towards Support

Step 4 - Indicators

- Bollinger Bands: within 

- MACD: fast touch, slow up

- Stochastic: H4 heading up

- PSAR: bullish

Step 5 - Upcoming News: GBP: -, NZD: -

GBPNZD sell trade idea 12 08 2021

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