GBPNZD (Tuesday 19/11 - 22/11/2019)
FORECAST : SWING LONG @ RBS + BRN + TL (BULLISH PARALLEL CHANNEL)
Comment:
Why go for Long?
1. Major Trend : UPTREND
2. Breakout from SBR to RBS
3. Strong breakout CS with <50% Fibo rejection
4. One CS breakout SBR + BRN@2.01000
5. Currently price at bottom channel a.k.a support
PA :
Thursday breakout SBR / test next SBR / rejection at SBR / pullback to RBS /close Friday / Monday continue to test SBR close inside the zone / Tuesday pullback to RBS / waiting PA at RBS / breakout? / reversal?
1. Major Trend : UPTREND
2. Breakout from SBR to RBS
3. Strong breakout CS with <50% Fibo rejection
4. One CS breakout SBR + BRN@2.01000
5. Currently price at bottom channel a.k.a support
PA :
Thursday breakout SBR / test next SBR / rejection at SBR / pullback to RBS /close Friday / Monday continue to test SBR close inside the zone / Tuesday pullback to RBS / waiting PA at RBS / breakout? / reversal?
Resistance Become Support @2.02428 = SBR
(Support Become Resistance)