Hello Everyone!
This is GBPNZD weekly short bias analysis.
On left side we have really weak area of previous demand which is circuled. Now price just droping brutually and creating supply imbalances. On lower timeframes we always take trades because price has already gone from the good entry point. Now one should enter with lowertime frames levels. Always trade zone to zone. Let it go to monthly demand area which is rectangled with blue down there.
so short bias on gbpnzd.
Happy Trading.
This is GBPNZD weekly short bias analysis.
On left side we have really weak area of previous demand which is circuled. Now price just droping brutually and creating supply imbalances. On lower timeframes we always take trades because price has already gone from the good entry point. Now one should enter with lowertime frames levels. Always trade zone to zone. Let it go to monthly demand area which is rectangled with blue down there.
so short bias on gbpnzd.
Happy Trading.