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Wednesday, August 25, 2021

GBPNZD - WAIT ON THIS SETUP

GBPNZD - WAIT ON THIS SETUP

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KEYNOTES ON BUYING GBPNZD:

PAIR APPROACHES STRONG/VERY ACTIVE DEMAND ZONE
PAIR APPROACHES KEY SUPPORT @1.9700/.9660
PAIR HAS FORMED W - SHAPED PATTERN REPEATEDLY - PAIR IS LIKELY RANGING
NZD TO LIKELY EASE ITS BULLISH RECOVERY AGAINST OTHER PAIRS LIKE GBP


R:R is usually good if setup eventually comes, based on early entries though. Also, this is the last week in August; trade with
extreme caution. Above all, in as much as nothing is certain or fixed,follow your trading plan and risk management, as well as
the disclaimer below!

DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is strictly for
educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable at all.
Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can
not afford to lose.



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