GBPNZD downtrend. Strong weekly supply 2.32 took control. Shorts
GBPNZD Forex Cross Pair Dropping strongly as a reaction to the strong weekly supply level at 2.32.
The weekly timeframe is trending down and this strong imbalance is playing out well. There is new and clear bearish price action in the weekly timeframe too as a result of this strong imbalance.
Many other NZD cross pairs are strengthening, and the New Zealand dollar is also strengthening across the board. This is a swing forex position trying to play out. We can use the smaller timeframes to plan short positions.
The weekly timeframe is trending down and this strong imbalance is playing out well. There is new and clear bearish price action in the weekly timeframe too as a result of this strong imbalance.
Many other NZD cross pairs are strengthening, and the New Zealand dollar is also strengthening across the board. This is a swing forex position trying to play out. We can use the smaller timeframes to plan short positions.
Alfonso Moreno
Set and Forget Trading Community
Set and Forget Trading Community
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Alfonso Moreno
Set and Forget Trading Community
Set and Forget Trading Community
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.