GBPNZD - Planning ahead - adding long on on the next pullback
The ones who caught this trend reversal from last year have made some decent numbers of pips.
This pair has offered numerous opportunities to add-on to this trade on the daily chart and its time to plan ahead for the next move.
Price has just run into some tougher structure and a pullback is to be expected before price can head on to its next upside targets.
The end on of the 3rd quarter is near so this concerns the next 3 months for this pair which is awesome to trade.
Looking at the Daily one can see that price is starting to be exhausted. Some profit taking is already happening and more will be taken
by traders that didn't get in from the start.
However, before one can consider a counter trend pullback trade a lower low is yet to be seen and a clean break-and- stay
away from the weekly and daily pivot zones as well. As you can see on the Daily - price has been well supported until just recently.
I am interested to to buy the dip on this coming pullback and have highlighted my entry zone on the 3 month chart.
This pair has offered numerous opportunities to add-on to this trade on the daily chart and its time to plan ahead for the next move.
Price has just run into some tougher structure and a pullback is to be expected before price can head on to its next upside targets.
The end on of the 3rd quarter is near so this concerns the next 3 months for this pair which is awesome to trade.
Looking at the Daily one can see that price is starting to be exhausted. Some profit taking is already happening and more will be taken
by traders that didn't get in from the start.
However, before one can consider a counter trend pullback trade a lower low is yet to be seen and a clean break-and- stay
away from the weekly and daily pivot zones as well. As you can see on the Daily - price has been well supported until just recently.
I am interested to to buy the dip on this coming pullback and have highlighted my entry zone on the 3 month chart.