5 time we've shorted this zone.. Next - RBNZ rate is coming
For five time I've shorted $GBPNZD when it reached the 2.08 zone.
Whether it was harmonic pattern, structure or KOD setup, every time it worked.. still, this is is persistent in its attempts to breakout of this zone.
The next major event for this pair is definitely the RBNZ rate decision coming tomorrow (depending on your time zone.. check it out at ForexFactory.com)
I guess there will be spiking action before and following the NZD rate.. but the test is whether at the end of the day, when all the dust will settle, the 2.08 will remain resistance!
If the price won't be able to breakout, we have a really good reason to try and short it once again.
Whether it was harmonic pattern, structure or KOD setup, every time it worked.. still, this is is persistent in its attempts to breakout of this zone.
The next major event for this pair is definitely the RBNZ rate decision coming tomorrow (depending on your time zone.. check it out at ForexFactory.com)
I guess there will be spiking action before and following the NZD rate.. but the test is whether at the end of the day, when all the dust will settle, the 2.08 will remain resistance!
If the price won't be able to breakout, we have a really good reason to try and short it once again.