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GBPNZD – Buyers might continue way higher

FX:GBPNZD   British Pound / New Zealand Dollar
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GBPNZD – Buyers might continue way higher

Trend: Strong Buy

Support/Resistance:
R4: 2.08077
R3: 2.05600
R2: 2.04171
R1: 2.02991
S1: 2.02059
S2: 2.00027

Price action:
In this case GBPNZD currency pair is headed to hit recent weekly Higher High at 2.04171 resistance level . We are still in a very good bullish position, but first buyers has to prove enough momentum on retracement from 2.04171 previous daily high level. After we'll follow targets.

Potencial trade idea:
Bulls targets:
T1: 2.04171
T2: 2.05600
T3: 2.08077

NOTE – We are trading GBPNZD via the preferred trading setups

Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.


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