GBPNZD is turning its back on sellers

Double bottom at a significant daily level is a sign GN is going for a push higher. Even though we are at a resistance, sellers failed again and again to break the support. Big bullish wicks indicate buyers were entering the market thus diminishing the sell-off effect. I entered a buy after H1 failed to reached mentioned local support with a strong bullish candle.

Comment:

Liftoff!

Trade closed: stop reached:

Took a loss on this one.