GBPNZD sell trade idea 11 06 2021
SELL GBPNZD 1.9690
SL: 1.9720
TP1: 1.9670
TP2: 1.9650
TP3: 1.9630
Signal Analysis by LCMS Traders
Currency Pair: GBPNZD
SELL GBPNZD 1.9690
Timeframe: H1
Step 1 - Previous News: GBP: Day 1 of the G7 meetings, NZD: Day 1 of the G7 meetings
Step 2 - Trend: Across, Trend Following
Step 3 - Support/Resistance: Bouncing Off Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast down, slow touch
- Stochastic: H4 heading down
- PSAR: bearish
Step 5 - Upcoming News: GBP: G7 meetings over the weekend, BOE Gov Bailey Speaks 1630hrs, NZD: G7 meetings over the weekend
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