The confirmation/waiting game GBPNZD
We can clearly see the GBPNZD is looking to test the strong support area to the upside. however, there is weak resistance standing on it's wait to the strong resistance area.
ENTRY
Wait for bullish candle to break above the weak resistance, retest it as support and wait for a bullish candle to close above it.
That will be a short term swing opportunity. With a 1.7 risk/reward ratio.
Good Luck.
ENTRY
Wait for bullish candle to break above the weak resistance, retest it as support and wait for a bullish candle to close above it.
That will be a short term swing opportunity. With a 1.7 risk/reward ratio.
Good Luck.
Order cancelled:
The previous idea was notactivated, however the market seems like it is in the mood to give away an even greater number of pips. :-) Nice pullback, waiting for a bullish move than a retest and we go in.
