Hi traders.
Here we have an interesting setup in GBP/NZD.
The pair has completed a pullback to a daily support zone and is forming a indecisive doji candlestick in today's trade.
The level aligns with the 38.2% Fib level, and the daily RSI shows a hidden bullish divergence.
Zooming-in to the 4-hour chart, we get a nice bullish wedge pattern with the price retracing at the lower wedge support.
Like our analysis? Please hit the "LIKE" button to support us. Thanks!
Here we have an interesting setup in GBP/NZD.
The pair has completed a pullback to a daily support zone and is forming a indecisive doji candlestick in today's trade.
The level aligns with the 38.2% Fib level, and the daily RSI shows a hidden bullish divergence.
Zooming-in to the 4-hour chart, we get a nice bullish wedge pattern with the price retracing at the lower wedge support.
Like our analysis? Please hit the "LIKE" button to support us. Thanks!
Trade closed: target reached:
Closed at 2.03
