my own prediction - (this upcoming week)
gbp - bullish
nzd - bearish
as long as h4 wick engulfs and closes above the ascending downwards trendline price should continue going up towards 2.0 even 2.02
looking at the chart you can see GBP break out of its downtrend multiple times and based on its current setup it may be looking to break out once again.
best of luck trading this week everyone!
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trade at your own risk - not financial advice
gbp - bullish
nzd - bearish
as long as h4 wick engulfs and closes above the ascending downwards trendline price should continue going up towards 2.0 even 2.02
looking at the chart you can see GBP break out of its downtrend multiple times and based on its current setup it may be looking to break out once again.
best of luck trading this week everyone!
------------
trade at your own risk - not financial advice
Comment:
no entry so far, market structure looks to be changing, we'll be waiting this one out for now.
Comment:
UPDATE - entering longs with TP set to 2.00500 and SL set to 0.96109
price may be faking out below the accending trend line.
price may be faking out below the accending trend line.
Trade closed: target reached:
price hit 2.00500 and full profits were booked👍