Possible Continuation of GBPNZD short

28 Tem 2019

price has broken below the moving Average (dynamic support) as well as the trendline. I anticipate that price will fall to the underlying minor support before retracing to its ascending trendline. Following this move i anticipate that the trade will proceed as expected. However, the trade setup will be invalidated if the price opens with a gap. If we open with a gap then i anticipate that the bullish momentum will override the present technical setup.