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TheTradersAvenue
Mar 5, 2021 11:58 AM

GBPNZD > Trading Plan for A Long Trade!! 

GBP/NZDOANDA

Description

Truly appreciate you taking the time to read my analysis, and if you feel generous and kind today, give it a like and leave a comment it will support the creation of new free ideas for you.

Analysis of #GBPNZD

Hello friends.

I had my eyes on this setup for a while, it seems it will move without me and like many of my analyses.

we have the market has been forming higher highs, and now at resistance level, I am expecting two things from the market:

>>> First, either it drops to support zone near 1.9100 where I will look for a buy entry targeting the highs.

>>> Second, it breaks the current resistance level where I will look to get in trend continuation trade targeting the next resistance

P.S Why I will not sell at resistance? simply because of the falling indices, this pair tends to rally

let me know in the comment what pair you want to see the analysis for in my next free analysis

Safe trading everyone

Check today analysis below⠀

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-Disclaimer: this information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and i have no reason to act on it and neither should you
Comments
John0Carter
very nice work, upvoted!!! please keep this up!
TheTradersAvenue
@John0Carter, glad you liked it bro
StevesTradingV
Very possible this scenario, mate ;)
TheTradersAvenue
@StevesTradingV, thank you for the comment
FTUKcom
Nice Idea :)
TheTradersAvenue
@Forex-Traders-Uk, welcome
TRADiNG_hub
Wonderful Setup 😌🔥
TheTradersAvenue
@TRADiNG_hub, thank you mate
Pip_Artist
Your information on indices correlation with this pair is useful to know. Thanks for posting.
TheTradersAvenue
@Pip_Artist, thanks for the comment
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