buy this pair on trend line when i see confirmations on 4hrs chart
Buy GBPNZD 1.9550 Stop 1.9535 Target 1.9680
Buy GBPNZD 1.9580 Stop 1.9565 Target 1.9680
Rising Wedge Please don't forget to FOLLOW , LIKE and COMMENT ... If you like my analysis:) Thank you and Good Luck!
Nowadays the market is so unpredictable as the pandemic and political events are ongoing. But as a trader, we have to always wait for the better entry as we are always trying to do. We find out GBPNZD is forming bearing momentum and approaching to breakdown its uptrend channel.
Breakout and retest of previous bullish trendline, late entry though but lets see if we can catch some pips.
- Price hit 1.98 resistance - FOR awhile has been trading contained in bearish ascending wedge - Also there's a potential Harmonic ABCD developing - Possible short opportunity to 1.90500$ / if we get enough energy to break on downside of Ascending wedge ABCD Potential Reversal zone is 1.88000 & 1.86111
looking for price to go underneath supply and demand and then shoot up.
Clean 3 touch structure. Reaching the third touch, price has consolidated and has broke its trend-line, confirming bearish pressure and further movement. Look for any more continuation flags to catch a bigger move down.