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GBP/NZD SELLERS WILL DOMINATE THE MARKET|SHORT

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Pound Inggris / Dollar New Zealand (FX:GBPNZD)  
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FX:GBPNZD   Pound Inggris / Dollar New Zealand
Trend Analysis Chart Patterns Wave Analysis GBPNZD short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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trendanalysis chartpattern waveanalysis gbpnzd short sell trading bearish forex forecast tecnhicalanalysis containsimage
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Hello,Friends!

GBP/NZD is trending down which is clear from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a classical trend following opportunity for a short trade from the resistance line above towards the demand level of 2.092.

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I stand by my prediction and my idea is confirmed by the fact that the pair is moving towards the target!
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