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VasilyTrader
Jun 30, 2020 5:51 AM

GBPNZD: How to Catch a Pullback??? Long

British Pound/New Zealand DollarFXCM

Description



GBPNZD was steadily going down within a falling channel last week.
yesterday 1.913 - 1.917 narrow demand area was reached.

the price has stopped falling and with multiple rejections, bears weren't able to breakthrough.

now it is bulls' turn to try:
if bulls violate this area to the upside, it will confirm the breakout of a falling channel and for us, it will be a good buying signal.

wait for the 4H breakout of the decision area and buy on retest aiming at:
1.924
1.928


in case of a bearish violation of the decision area, it will be a selling signal, and our setup will be invalid.
Comments
MichaelWood81
Thank you for posting!
VasilyTrader
@MichaelWood81, you are welcome bro!!!
VasilyTrader
Will the market retrace?
what is your view?
simtrader19a
Another opportunity to get in
ProTraderNataliaRUS
Very good
VasilyTrader
@ProTraderNataliaRUS, thank you 😊
2b1d83a7071a4dfb85a2e22d522a69
Already on profit
Thanks bro
VasilyTrader
@2b1d83a7071a4dfb85a2e22d522a69, You are welcome bro!
simtrader19a
VasilyTrader
@simtrader19a, good outlook!
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