Mahtab_Tradia

GBPNZD Approaching To The Lower Band Of The Channel

FX:GBPNZD   British Pound / New Zealand Dollar
Price is approaching to the lower band of the ascending channel which is also near a demand zone . MACD shows a positive divergence. IF there was any rejection and push to the upside at this zone, we can expect the price to rise to the upper band of the channel. On the other hand, remember that channels usually like to be broken out to the opposite direction. So, IF channel had a downside breakout, price MIGHT fall to the new channel’s lower band.
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Comments

This is great! Thanks
+1 Reply
This looks so good :)
+1 Reply
I commend you for your thorough work.
+1 Reply
Nice setup as always!
+1 Reply
Nice channels
+1 Reply
Personally I am looking for further bearish opportunities :) thx
+1 Reply
Perfect outlook..
+1 Reply
Mahtab_Tradia vishvam-fx
@vishvam-fx Thank you 🙏🏻
Reply
Channel migration is an interesting concept!
+1 Reply
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