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GBP/NZD SELLERS WILL DOMINATE THE MARKET|SHORT

Short
British Pound / New Zealand Dollar (FX:GBPNZD)  
EliteTradingSignals  
FX:GBPNZD   British Pound / New Zealand Dollar
Trend Analysis Chart Patterns Wave Analysis GBPNZD short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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trendanalysis chartpattern waveanalysis gbpnzd short sell trading bearish forex forecast tecnhicalanalysis containsimage
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Hello,Friends!

GBP/NZD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 3H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 2.047 area.

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