GBPNZD sell trade idea 12 08 2021
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: -
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