GBPNZD – Look to sell on bearish price action if key support turn resistance.
Key Levels: Resistance / Support = 1.99015 Weekly
Price Action: Price needs to break below level noted on hourly time frame for me to start selling. Group awaiting confirmation.
Notes: I'm waiting for price to trade below this pivotal level, I will be selling into strength whilst price is contained below this important price zone. Mondays low is aligned with 4 hourly levels and should created a nice area to pivot a short.
Key level needs to break first.
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Technical based trader sharing my thoughts