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GBP/NZD Signal - GBP Retail Sales - 19 Nov 2021

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Signal Details
Entry Price: 
1.91623
Take Profit: 
1.8900
Stop Loss: 
1.92600
Direction: 
Sell
How we trade
Average: 5 (2 votes)

GBPNZD has formed a head and shoulders pattern prior to the GBP Retail Sales data today, and we are looking for continued downside on the pair. The 1H RSI remains at bearish levels, and price has recently rejected the left shoulder resistance. We are looking for downside towards the recent lows at the 1.8900 figure.

Submitted by Toni H. on Fri, 19 Nov 2021 04:26:32 GMT

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.

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