Get started
DrSwing_Forex

GBPNZD (1HOUR): Will we end the week on a bullish note???

Long
British Pound / New Zealand Dollar (OANDA:GBPNZD)  
DrSwing_Forex  
OANDA:GBPNZD   British Pound / New Zealand Dollar
Trend Analysis Trend Lines Support and Resistance
2
0
trendanalysis trendline supportandresistance
Reward: 195 pips 🤑
Risk: 30 pips ❌
Risk/Reward Ratio:6.05 ✅

Chart Breakdown
  • Daily Timeframe
    Uptrend in place.
    We have no trendline setups on this timeframe except two touches
    of an uptrend trendline.

  • 4Hour Timeframe
    Uptrend in place.
    3rd touch sell setup on downward trendline.

  • 1Hour Timeframe
    Uptrend in place.
    I'm anticipating a break and re-test setup that will give us a reason to enter buys as
    a result of price testing the uptrend trendline and re-testing the downward trendline.


Please like if you agree with the idea and follow me in order to gain access to more of my ideas.

DR.Swing_Forex
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.