GBPNZD Trade will Bullish or bearish ?
GBPNZD Trade
#Forex #GBPNZD #TechnicalAnalysis #CryptoSignal #TradingOpportunity #Divergence #TradingSignal #TradingwithBelieve #NASDAQ #USTECH
Hey traders! 👋 Let's dive into a potential trading opportunity on the GBPNZD pair using technical analysis. 📊
GBPNZD was trading under declining trendline and recently it seems like the sellers are bit exhausted then bulls took the charge and break through declining trendline.
Currently the price has given the breakout from falling trendline and now forming a local support around 2.04 region.
Will the bulls take charge again continue for leg higher?
📉 Previously Bearish Trend:
Firstly, on the 1H- timeframe, we've been witnessing a Bearish trend in the GBPNZD pair. 🐻
🔄 Divergence on LL(Lower Low’s):
However, it's crucial to note that recently, we have started to observe a no divergence pattern on the LL (Lower Low’s). This is an important signal that the Bearish momentum might be weakening. 📉🔄
📊 Trade Opportunity:
Currently, we are looking at a potential trade opportunity with a Bullish bias.
📈 Entry Price: 2.04643
🎯 Stop Loss Level: 2.04000
🚀TP1: 2.05373
🚀TP2: 2.06041
💰 Investment Advice:
Please remember that trading carries risks, and it's essential to have a well-defined trading plan, proper risk management, and stop-loss orders in place. This analysis is for educational and informational purposes only and should not be considered as financial advice. Make sure to do your research and consider your risk tolerance before entering any trade.
Happy trading, and may the pips be in your favour! 🚀📈💰 #HappyTrading #ProfitOpportunity #TradeSmart #CryptoSignal #StockSignal #TradingwithBelieve
#Forex #GBPNZD #TechnicalAnalysis #CryptoSignal #TradingOpportunity #Divergence #TradingSignal #TradingwithBelieve #NASDAQ #USTECH
Hey traders! 👋 Let's dive into a potential trading opportunity on the GBPNZD pair using technical analysis. 📊
GBPNZD was trading under declining trendline and recently it seems like the sellers are bit exhausted then bulls took the charge and break through declining trendline.
Currently the price has given the breakout from falling trendline and now forming a local support around 2.04 region.
Will the bulls take charge again continue for leg higher?
📉 Previously Bearish Trend:
Firstly, on the 1H- timeframe, we've been witnessing a Bearish trend in the GBPNZD pair. 🐻
🔄 Divergence on LL(Lower Low’s):
However, it's crucial to note that recently, we have started to observe a no divergence pattern on the LL (Lower Low’s). This is an important signal that the Bearish momentum might be weakening. 📉🔄
📊 Trade Opportunity:
Currently, we are looking at a potential trade opportunity with a Bullish bias.
📈 Entry Price: 2.04643
🎯 Stop Loss Level: 2.04000
🚀TP1: 2.05373
🚀TP2: 2.06041
💰 Investment Advice:
Please remember that trading carries risks, and it's essential to have a well-defined trading plan, proper risk management, and stop-loss orders in place. This analysis is for educational and informational purposes only and should not be considered as financial advice. Make sure to do your research and consider your risk tolerance before entering any trade.
Happy trading, and may the pips be in your favour! 🚀📈💰 #HappyTrading #ProfitOpportunity #TradeSmart #CryptoSignal #StockSignal #TradingwithBelieve