GBPNZD Buy on the bottom of the Channel Up, sell under it.
GBPNZD is trading inside a Channel Up since the February 3rd Low.
The last Higher Low was priced under the 1day MA50. Our current buy zone is between the 1day MA50 and Support A.
Buy as long as this holds and target 2.091500 (Resistance A).
A closing under the Channel Up and more specifically the 1day MA200, is a sell signal, so in that case take the buy's loss and short. Target the 1day MA200 just over Support B at 1.98000.
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The last Higher Low was priced under the 1day MA50. Our current buy zone is between the 1day MA50 and Support A.
Buy as long as this holds and target 2.091500 (Resistance A).
A closing under the Channel Up and more specifically the 1day MA200, is a sell signal, so in that case take the buy's loss and short. Target the 1day MA200 just over Support B at 1.98000.
Follow us, like the idea and leave a comment below!!
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