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TheSignalyst

GBPNZD waiting for a trigger to buy

British Pound / New Zealand Dollar (FX:GBPNZD)  
TheSignalyst  
FX:GBPNZD   British Pound / New Zealand Dollar
Trend Analysis Chart Patterns Technical Indicators GBPNZD reversal trendfollowing rejection Divergence Support and Resistance buy Parallel Channel
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trendanalysis chartpattern indicator gbpnzd reversal trendfollowing rejection divergence supportandresistance buy parallelchannel
on DAILY: GBPNZD is sitting around a support/resistance zone in blue so we will be looking for objective buy setups on lower timeframes.

on H1: GBPNZD formed an objective channel in red, so we are waiting for a momentum candle close above its last swing to buy this one short-term.

Moreover, we have a bullish regular divergence on MACD adding more confluence to our buy setup.

Meanwhile, as long as our buy is not activated, we would be overall bearish on GBPNZD
This analysis is done using RichTL
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