GBPNZD Spring bounce setup | 6.7 RR potential
Price is bullish, and it has broken to the upside.
It is now retesting the convergence of the trendline and the last consolidation.
Placing an entry where there will be liquidity (POC line) so it is more likely to bounce at the spot.
Price should not even touch the last retested smaller consolidation; if it does so, that means that the uptrend will be invalidated.
It is now retesting the convergence of the trendline and the last consolidation.
Placing an entry where there will be liquidity (POC line) so it is more likely to bounce at the spot.
Price should not even touch the last retested smaller consolidation; if it does so, that means that the uptrend will be invalidated.