GBPNZD Ready to burst!
Hello traders,
It seems like price has been compressing and it is possible for a strong bearish momentum to happen.
the tipping point is at a major resistance trend line increasing the odds for this to occur. If it crosses the trend line then consider other options but looking at how price is moving I would say that is very unlikely.
Any thoughts on this?
Happy trades!
It seems like price has been compressing and it is possible for a strong bearish momentum to happen.
the tipping point is at a major resistance trend line increasing the odds for this to occur. If it crosses the trend line then consider other options but looking at how price is moving I would say that is very unlikely.
Any thoughts on this?
Happy trades!
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.