Gbpnzdidea

GBPNZD - WATCH THE MEGAPHONE FOR A POTENTIAL DROP Symbol - GBPNZD CMP - 2.2790 GBPNZD is currently forming a megaphone pattern and is trading near its upper boundary which is a resistance area. This pattern, characterized by increasing volatility and wider price swings, suggests potential reversal points in the market. A false break of resistance may occur before a potential price drop from the trendline resistance area. On the daily chart, the overall structure appears ready for a bearish reversal, with market dynamics influenced by broader

by akshit_official

GBPNZD FX:GBPNZD As you can see that, GBPNZD is in consolidation more than 2 days. If it breaks the resistance then we can plan for buy side. plan your trade accordingly...

GBPNZD FX:GBPNZD As you can see that GBPNZD is formed uptrend channel pattern in 4HR time frame, If it gives breakout and takes retest then we can plan for buying side ( wait for breakout )plan your trade accordingly...

GBPNZD Top-Down Analysis Hello Traders, Here is the Top-Down Analysis of GBPNZD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 44 - 26 Oct M > Market is moving in a rising channel. Price reached support of channel coinciding with monthly support, faced rejection and started upward move creating a double bottom. W > Price pulled up till 0.618 Fib level on last weekly bearish impulse and faced rejection. This level also coincided with weekly support, now turned resistance. D > Price created an M