GBP/NZD Setup
π 4HR'S Chart
π Educational
π§Ύ : WHY IS GBPNZD GOING DOWN?
Economic indicators and data releases from both the United Kingdom and New Zealand can have a significant impact. If New Zealand's economic data suggests a stronger economy compared to the UK, it can lead to increased demand for NZD and a depreciation of GBP, causing GBPNZD to go down.
ββββββββββ
Bearish Break
2.02660 Area
Reasons
Major Trend Line / M
Major Resistance / M
Visible Range Hvn
Channel Break
M / Low Break
Take Profit
Second entry
1.98700
Bullish Reversal
1.94600 Area
Reasons
Major Turn level / D
Major VP POC
W / M LOW
FIxed Range Pov
Golden Fib
ββββββββββ
Setup inspired by GoldenEngine Check him Out:)
π 4HR'S Chart
π Educational
π§Ύ : WHY IS GBPNZD GOING DOWN?
Economic indicators and data releases from both the United Kingdom and New Zealand can have a significant impact. If New Zealand's economic data suggests a stronger economy compared to the UK, it can lead to increased demand for NZD and a depreciation of GBP, causing GBPNZD to go down.
ββββββββββ
Bearish Break
2.02660 Area
Reasons
Major Trend Line / M
Major Resistance / M
Visible Range Hvn
Channel Break
M / Low Break
Take Profit
Second entry
1.98700
Bullish Reversal
1.94600 Area
Reasons
Major Turn level / D
Major VP POC
W / M LOW
FIxed Range Pov
Golden Fib
ββββββββββ
Setup inspired by GoldenEngine Check him Out:)
π²Telegram : t.me/ForceTradingFX