Hi everyone:
Similar like the GBPCAD I posted earlier, we are looking at some bullish momentum coming in from all the GBP pairs. On the 4 hr chart here on GBPNZD, we are seeing a strong support at key area of 1.74000. Price action has bounced up from this level numerous times, and formed a triple bottoms. I am looking for a confirm higher low on the 4 hr chart and take it to the daily fibs level of 38.20% and 61.80%.
Thank you for your support and feedback.
Similar like the GBPCAD I posted earlier, we are looking at some bullish momentum coming in from all the GBP pairs. On the 4 hr chart here on GBPNZD, we are seeing a strong support at key area of 1.74000. Price action has bounced up from this level numerous times, and formed a triple bottoms. I am looking for a confirm higher low on the 4 hr chart and take it to the daily fibs level of 38.20% and 61.80%.
Thank you for your support and feedback.
Comment:
Daily chart here:
Trade closed: target reached:
TP1 hit for 5.14% ! 5:1 risk reward ratio obtain in 2 days.
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