2911 Monthly chart 1/8 GBPNZD down for 1235 pips in Dec

Well, on the last trading day of Nov, lets check pairs on monthly chart to find out more clues.

We might see a warning signal closed for Nov.
That means an opportunity to short in Dec.
Reasons:
1. Monthly broken trendline following with a warning small-body signals.
2. Red resistance zone could hardly to be broken in Nov, and also hard in Dec.
3. There is 1235 pips possible for GBPNZD to drop in Dec or in the next 1-3 months.

Good luck!!!

Comentário:

Now GBPNZD is totally bearish on monthly chart.