*GBPNZD-Looking to place a small buy on this pair if it touches the h4 ascending TL.
Target- monthly resistance.
If price breaks the ascending h4 TL (in blue) and show rejection on
retest of broken TL, then i will look to short this pair.
Target- Weekly support, (in red ) h4 support zone.
Reasons for trade,
1 Price rejected the weekly DT (in red).
2 Rejected daily and monthly resistance zones, several times
(monthly in black) daily in green ) .
Expecting price to break below the 4h ascending TL.
Target- Weekly support (in red) and daily support (green)
Reasons for trade.
Price rejected the monthly DT many times and weekly resistance.
Daily ascending TL broken, price retested daily uptrend on H4 and was rejected,
Monthly trend lines, support and resistances zones in black.
Weekly in red.
Daily lime green.
4 Hourly in blue.