GBPNZD:Bullish 1.618AB=CD and the 0.618RET
The 0.618RET of previous rise locates at 1.844 level.
The bullish Bullish 1.618AB=CD pattern is completing at 1.840 level and the 1.618-1.786EXT of AB is at 1.840-1.845 levels.
Meanwhile the Demand Zone works at 1.839-1.844 levels.
Additionally,the RSI has been oversold.
So it is good to buy at 1.840-1.844 levels when price action gives signals in the PRZ.
SL:below 1.839
TP1:1.857
TP2:1.864
TP2:1.874 and further more
The bullish Bullish 1.618AB=CD pattern is completing at 1.840 level and the 1.618-1.786EXT of AB is at 1.840-1.845 levels.
Meanwhile the Demand Zone works at 1.839-1.844 levels.
Additionally,the RSI has been oversold.
So it is good to buy at 1.840-1.844 levels when price action gives signals in the PRZ.
SL:below 1.839
TP1:1.857
TP2:1.864
TP2:1.874 and further more
Trade active
Comment:
The market rallied as expected.
Trade closed: stop reached:
Just 150 pips were taken.