SimpleFxPRO

GBPNZD COUNTER TREND LONG IDEA

Long
FX:GBPNZD   British Pound / New Zealand Dollar
here we see GBPNZD price of 1.99100 at confluence with current channel support with established key horizontal level that has been tested multiple times in the past as both resistance and support
With my stochastic below 10
I am buying at market and I expect price to move up to previous support level of around 2.01250 as new resistance, then downtrend continuation to around 1.94242, which and will see price at confluence of channel support and established horizontal support.