Advertisement
Advertisement

GBP/NZD Bearish Continuation Possible

By:
Nenad Kerkez
Published: Aug 3, 2021, 10:17 UTC

The GBP/NZD is bearish and sellers are taking over. The angle of a drop and retracement is diverging, hinting a bearish move.

GBP/NZD Bearish Continuation Possible

In this article:

I am already short and have protected more than 350 pips. You can clearly see my shorting levels and the price is following. For the downside continuation we need to see the market breaking below 1.9787. Targets are 1.9638 and 1.9384. In the case markets gets higher I will sell again (no brainer trade) 2.022 zone.

undefined

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

 

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

Did you find this article useful?

Advertisement