Hello all,
GBPNZD has been falling for a quite long time in a bull flag pattern on 1D time frame.
Now it has reached the support line for the 3rd time and also it is close to the structural
support zone. Plus the double bottom pattern is forming on 4H time frame. Thus it is
possible to enter the bullish reversal at the lowest possible point. However, it is quite
risky trade.
Disclaimer: Any risk related to trading this pair is solely on you. Please, think thoroughly before making a trading decision. Cheers!
GBPNZD has been falling for a quite long time in a bull flag pattern on 1D time frame.
Now it has reached the support line for the 3rd time and also it is close to the structural
support zone. Plus the double bottom pattern is forming on 4H time frame. Thus it is
possible to enter the bullish reversal at the lowest possible point. However, it is quite
risky trade.
Disclaimer: Any risk related to trading this pair is solely on you. Please, think thoroughly before making a trading decision. Cheers!