#GBPNZD Short Term Supply Level Detected Potential move to the downside expected opportunity for good return on Investment
Seeing how price are able to hold at 300, a drop could be anticipated towards the recent low.
If price are able to hold above 93 for the next few candles, a push up towards the recent high would be anticipated.
Seeing how price are able to hold above 557. Would be anticipating a push towards the recent high.
If the buyers are able to hold around 1.848, a strong buy would be anticipated towards at least the recent high.
If price are able to hold around 30, a push towards the recent high would much be anticipated.
Looking for a further push up from this pair to the recent high.
Weekly chart - Past 5weeks candlestick bar in range after strong bull 7weeks before. - Pin Bar formed after retracement. - Range inside bar with bullish probability. Daily Chart - 2x Rejection at daily/weekly Resistance line. 2 events (21/05/2018 & 15/06/2018). - Clear Sideway Range with 3x bullish pin bar formed. - Reversal bar formed recently at Daily S1...
see my profile for full analysis of eurusd eurusd pullback to break-outed line and then going to sell position again.
After a strong bearish move to the down side, price reached to a strong weekly support zone. You can either wait for a daily or H4 bullish candlestick pattern to get long or you can blindly take a long position around this support zone.