GBPNZD: Classica and Harmonic Structure Signal Further Recovery

FX:GBPNZD   British Pound / New Zealand Dollar
GBPNZD: Classical and harmonic structures signaling additional recovery

Chart Setups:

1- Bullish harmonic pattern .
2- Potential inverse head and shoulders pattern with a confirmation line in the 1.9500 regions.
3- Prices are being carried by SMA20 from the underside.
4- Fibonacci retracement of 23.6% of CD leg was taken out, opening the door up towards 38.2% where the first technical objective of the harmonic structure resides.
5- Vortex and Know Sure Thing indicator reflect the strength of reversal.
6- Neckline is very close to 38.2% Fibonacci.

Buy at current trading levels aiming to beat confirmation line with stop loss at 1.9060. Soft target is at 1.9820 where we can close 50% of the quantity used for long positions, while the main technical target of this setup resides at 1.9960.
Perfect technical setup... all the best of luck
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out