GBP/NZD Setup
🕐 4HR'S Chart
📋 Educational
🧾 : 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.
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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
——————————
Setup inspired by GoldenEngine Check him Out:)
🕐 4HR'S Chart
📋 Educational
🧾 : 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.
——————————
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
——————————
Setup inspired by GoldenEngine Check him Out:)
💲Telegram : t.me/ForceTradingFX
