TradingView
erikarter
Feb 17, 2019 2:54 PM

Possible Long Setup on GBP/NZD Long

British Pound/New Zealand DollarFXCM

Description

Multiple confluent signals.

- Butterfly Advanced Pattern (not my favourite but it's an AB=CD pattern)
- 1,27 fib inversion
- 61,8 fib retracement
- Support (blue zone, look left for multiple times that price action react to that level.
- RSI oversold and divergence

Comment

I'm waiting for some time of consolidation between the two orange lines, forming a possible a falling wedge pattern. Price will test the support before finally break to the up side.

Safe zone for Stop-loss under the 1.8600 price and support.

Order cancelled

Do not trigger my order.
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