Roker1
Long

Trade with the daily trend

FX:GBPNZD   British Pound / New Zealand Dollar
Hi guys,

as you may know from my previous analysis on this pair, i've been looking at it for several days, as soon as we broke the level represented with a yellow box, that is our previous daily resistance. Once it's been broken, my bias has turned into bullish because i know that a break of structure to the upside can mean a trend continuation opportunity. I went on lower timeframes and here you can see that price has started to settle down at this level and formed a reversal pattern with RSI divergence and an engulfing candle on higher timeframe.
Long at market, stops and targets shown.

If you have any idea/comment, please share below.
Otherwise, see you in the next chart!
Se sei d'accordo, lascia un mi piace! Grazie
Canale Italiano: https://www.youtube.com/c/MisterForexIT
Ultimo video: https://youtu.be/0rIFF-j4kdM

If you agree, like this chart! Thanks
My last (english) videoanalysis here: https://youtu.be/RUySg8LW6Iw

Comments

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