One possible uptrend for the pound is the formation of a diamond pattern.
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If this pattern is formed and the initial reaction is appropriate, we can make a long position
The price has reached the demand zone in high time frame.
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After hunting the previous support, showed a good reaction.
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We expect the price to rise in the coming weeks.
Hi everyone
Nzdusd is expected to lower its price in the area and start a big uptrend.
In this scenario, the market can follow the Diamond logo, which is a return pattern.
The price is on an important support and has a good initial reaction to this level.
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Assuming the trend is upward, we can buy a position at the end of possible corrections.
The price has reached the weekly zone and is expected to reach the high zone.
In case of possible correction, we can make a purchase transaction on one of the specified areas.
The price in the daily time frame, at the same time as reaching the bottom of the channel, has formed the pattern AB = CD.
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In the coming weeks, the view of climbing on this currency pair seems to be a more appropriate view.
The price has reached an important resistance in the weekly time frame, which is known as FTR in RTM style.
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With the price reaching this FTR, the price at the end of the week was able to form a weekly candlestick with a high uptrend, which is towards uptrend.
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Within four hours, in case of possible correction, we can make a purchase transaction.
