GBPNZD sell trade idea 11 06 2021

#OPINIONLEADER# #Signal#

SELL GBPNZD 1.9690

SL: 1.9720

TP1: 1.9670

TP2: 1.9650

TP3: 1.9630

Signal Analysis by LCMS Traders

Currency Pair: GBPNZD

SELL GBPNZD 1.9690 

Timeframe: H1

Step 1 - Previous News: GBP: Day 1 of the G7 meetings, NZD: Day 1 of the G7 meetings

Step 2 - Trend: Across, Trend Following

Step 3 - Support/Resistance: Bouncing Off Support

Step 4 - Indicators

- Bollinger Bands: within 

- MACD: fast down, slow touch

- Stochastic: H4 heading down

- PSAR: bearish

Step 5 - Upcoming News: GBP: G7 meetings over the weekend, BOE Gov Bailey Speaks 1630hrs, NZD: G7 meetings over the weekend