might be a minor sell opportunity

this might be a dangerous idea. the thing is . NZD has been oversold for so long and currently it hit the oversold RSI on daily. the GBPNZD tested /is testing a weekly strong resistance that is not easily to be broken. there is a potential inverted / huge head and two shoulders in the make on daily chart. i expect it to go down to 1.98 making the second shoulder before exploding to the upside and then again we will watch 2.0500 zone to see if the harmonic would succeed or fail. if it fails on the 2nd time it will go so hard down indicating a long term weakness in GBPNZD. trade carefully . use risk management . be safe and dont let emotions gets on your way .

in short: i think it may be good sell from 2.002 zone for 200 pips down.

this is not a financial advice , just my views on this pair

Komentarz:

sl hit idea invalid