Possible Continuation of GBPNZD short

British Pound/New Zealand Dollar FX:GBPNZD
Alex876



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.

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