GBPNZD breakout
Hi traders,
Keep an eye on this one for downside. This down move could be a down impulse, but the question is, is the upside over? I guess we will all soon find out.
There is a couple of ways this trade could play out. It could either bounce on the support turned resistance and break down. Alternatively, price could immediately break down without a retest on structure and break down to the previous structure seen on the pair.
Best regards,
Tom_Killick
Keep an eye on this one for downside. This down move could be a down impulse, but the question is, is the upside over? I guess we will all soon find out.
There is a couple of ways this trade could play out. It could either bounce on the support turned resistance and break down. Alternatively, price could immediately break down without a retest on structure and break down to the previous structure seen on the pair.
Best regards,
Tom_Killick
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