GBPNZD sell trade idea 24 08 2021
SELL GBPNZD 1.9870
SL: 1.9900
TP1: 1.9850
TP2: 1.9830
TP3: 1.9810
Signal Analysis by LCMS Traders
Currency Pair: GBPNZD
SELL GBPNZD 1.9870
Timefrme: H1
Step 1 - Previous News: GBP: Flash PMI slowdown in business activities, NZD: Extension nationwide level 4 until midnight 27 August
Step 2 - Trend: Down, Trend Following
Step 3 - Support/Resistance: Breaking Through Support
Step 4 - Indicators
- Bollinger Bands: touch
- MACD: both down
- Stochastic: H4 heading into over sold
- PSAR: bearish
Step 5 - Upcoming News: GBP: -, NZD: -
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