Hey everyone, this is my analysis on GBNPNZD. There is a trend breakout with a pull back with a potential retest. I'll be waiting for some confirmations like rejections before I enter. ( I moved the potential second tp slightly higher)
I'm still learning and trying to improve, so if you disagree please comment below. I take all comments on board and appreciate...
On this chart we can see a pull back that has occurred during this uptrend, a new level of support was found and price has come back to retest
We are already in this trade and I will be expecting price to bounce off this level and continue moving up
I've just gone LONG GBP/NZD. Price has returned to WS1 and found support and looks primed for a move north. I'm in at 2.0418 with a STOP under the swing low at 2.0354 which is under WS1. Looks a good thing this with my Disciplindicator confirming with 2 stars.