Daily Analysis on GBPNZD / Bullish Analysis by ThinkingAntsOk
Use this chart as a guide to develop your view or to confirm your setup.
Main items we can see on the chart:
a)The price is inside an ascending channel (primary structure)
b)Currently, the price is above a resistance zone (now working as support)
c)On the Support Zone, we can see a Flag pattern (continuation structure)
d) Now the price has broken the Flag pattern after the ABC structure was finished
e)Our target for the bullish movement is the higher trendline of the ascending channel
Share your view of the chart on the comments!
Main items we can see on the chart:
a)The price is inside an ascending channel (primary structure)
b)Currently, the price is above a resistance zone (now working as support)
c)On the Support Zone, we can see a Flag pattern (continuation structure)
d) Now the price has broken the Flag pattern after the ABC structure was finished
e)Our target for the bullish movement is the higher trendline of the ascending channel
Share your view of the chart on the comments!