Hi traders
Please have an analytical look over our analysis for GBP/NZD.
We have been waiting and waiting this pair for a week or so now and we could be close to getting an opportunity to get in at the top of this shorting opportunity.
NZD has been under significant pressure these past weeks and its not as if we are expecting massive NZD strength however we are fully anticipating GBP weakness. Both technically and fundamentally the GBP at least for the next few weeks is going to come under a lot of pressure and we are expecting to see this come through into this pair.
Price on this pair has been making some nice moves in line with Elliot Theory.
We have now reached that 5th and final leg of the theory and with the market also being massively over sold I would highly expect this pair to show some bearish momentum and we at least want to see a corrective pull back in the coming weeks.
Please do let me know what you think about this breakdown and if this is something you have on your watch list.
The Fx Chartist
Please have an analytical look over our analysis for GBP/NZD.
We have been waiting and waiting this pair for a week or so now and we could be close to getting an opportunity to get in at the top of this shorting opportunity.
NZD has been under significant pressure these past weeks and its not as if we are expecting massive NZD strength however we are fully anticipating GBP weakness. Both technically and fundamentally the GBP at least for the next few weeks is going to come under a lot of pressure and we are expecting to see this come through into this pair.
Price on this pair has been making some nice moves in line with Elliot Theory.
We have now reached that 5th and final leg of the theory and with the market also being massively over sold I would highly expect this pair to show some bearish momentum and we at least want to see a corrective pull back in the coming weeks.
Please do let me know what you think about this breakdown and if this is something you have on your watch list.
The Fx Chartist