GBP/NZD short

12 ביולי 2019

GBPNZD

1D chart - Has been continuously riding below EMA line with a constant downtrend pattern that has broken below the initial support which is now being used as the new resistance at around 1.89354. Continues to stay above uptrend support at around 1.87787. RSI is being shown as oversold with an expected breakout.

30 min chart - EMA still staying strong above candlesticks giving us the confirmation that it is a continuous downtrend. Resistance & support has been confirmed with 3 consecutive rejections once it approaches. RSI still not looking the greatest but still waiting on the reversal for a short.