GBPNZD sell trade idea 31 08 2021
SELL GBPNZD 1.9525
SL: 1.9555
TP1: 1.9505
TP2: 1.9485
TP3: 1.9465
Signal Analysis by LCMS Traders
Currency Pair: GBPNZD
SELL GBPNZD 1.9525
Timeframe: H1
Step 1 - Previous News: GBP: -, NZD: Building Consents slowdown
Step 2 - Trend: Down, Trend Following
Step 3 - Support/Resistance: Breaking Through Support
Step 4 - Indicators
- Bollinger Bands: slightly out
- MACD: both down
- Stochastic: H4 heading down
- PSAR: bearish
Step 5 - Upcoming News: GBP: -, NZD: -
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