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GBPNZD / H1 / Daily Forex Technical Analysis / 10.24.2019

Long
British Pound / New Zealand Dollar (OANDA:GBPNZD)  
FuturesForexClasses  
OANDA:GBPNZD   British Pound / New Zealand Dollar
Trend Analysis Harmonic Patterns Chart Patterns GBPNZD gbpnzdlong LONG dailyanalysis Forex forexsignals Technical Analysis forextrading october2019
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trendanalysis harmonicpatterns chartpattern gbpnzd gbpnzdlong long dailyanalysis forex forexsignals technicalanalysis forextrading october2019
Hello Traders, welcome to the Daily Forex technical analysis. Today is October 24th, 2019 and we will be taking a look at the British Pound against the New Zealand Dollar. Looking at the 1 hour time frame we are looking for price action to hold above the trend line acting as support the 2.016 region. If we can continue with a bullish follow through and stay above the trend line and our stop loss we will be looking for an entry long. Entry for a Long position near the 2.01664 area, with a Stop Loss near the 2.00326 zone, and a target profit level area of 2.03497, could possibly ensure a profitable trade with a 1.37 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
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