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ForecastCity
Jun 24, 2020 11:26 AM

Don't miss the great buy opportunity in GBPNZD Long

British Pound/New Zealand DollarFXCM

Description

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.9315). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. GBPNZD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 65.

Take Profits:
TP1= @ 1.9510
TP2= @ 1.9645
TP3= @ 1.9795
TP4= @ 1.9995
TP5= @ 2.0155

SL= Break below S2

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Comments
technicalDove11612
May I ask which time frame you used
ForecastCity
UnknownUnicorn9148659
Clean analysis as always
ForecastCity
@tradelikeaboss83, Thank you for your feedback.
AffiqIqwan2
Worth following your analysis 👍
ForecastCity
@AffiqIqwan2, Thank you. We appreciate your comment.
Best_Forecast
I will follow your trade idea for this pair.

The best analysis in FOREX WORLD.

Thank you for posting this. Liked!
ForecastCity
@Alexander_007, You're welcome. thanks for following us. 👍🙏
Forecast_Crypto
this is great
ForecastCity
@Forecast_Crypto, Thanks 👍🙏
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