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GBPNZD Daily Chart (17 March, 2016)

GBPNZD Daily Chart (17 March, 2016)

Bearish Engulfing formed at the channel resistance. Notice in the daily chart above, we have a market that is making lower highs and lower lows, this represents a descending equidistant channel. We looking for a chance to sell the pair to trade with the direction of the equidistant channel. Once the sell is trigger, we would set our target at the latestRead more about GBPNZD Daily Chart (17 March, 2016)[…]