Classic moment of confusion on GBPNZD pair.
From buyers perspective, we see a major rising trend line
that serves as a safe point to buy from.
From sellers perspective, the market remains bearish from the beginning of the month
and the price keeps falling within a falling parallel channel.
To clarify the direction of the next swing move, I suggest waiting for a breakout.
In case of a bullish breakout of a falling channel,
a bullish continuation will be expected.
In case of a bearish breakout of a major trend line,
the market will most likely drop sharply.
Wait for a breakout & follow the market.
What do you think will happen?
Note
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.