GBPNZD - CORRECTION Move after Uptrend
Hi Traders!
The market was moving very high very fast in an uptrend.
Recently we had a bullish flag which worked very well.
Now has fallen back to the support at 1.94900 and it is retesting it several times.
Our expectation is that the market fails to raise again and it'll break out.
We recommend to sell the breakout until the Fib level 61.8% at 1.90100.
Thanks and good luck :)!
The market was moving very high very fast in an uptrend.
Recently we had a bullish flag which worked very well.
Now has fallen back to the support at 1.94900 and it is retesting it several times.
Our expectation is that the market fails to raise again and it'll break out.
We recommend to sell the breakout until the Fib level 61.8% at 1.90100.
Thanks and good luck :)!