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Technician
Aug 31, 2017 1:07 PM

GBPNZD: Awaiting daily closing to initiate long 

British Pound/New Zealand DollarFXCM

Description

I am waiting for final confirmation to long GBPNZD as the price could be completing a bottom. The resistance of a clear trading range between 1.7400-1.8000 area is being tested. If we break, major upside could follow.


In trading, nothing is guaranteed, that's why we use stops.
Best
Technician
Comments
erdempirci
thanks
Frankco
May I ask, why did you think it has to be closed above 1.7980 ? Higher than previous high?
Frankco

Seezhibin
thanks... excellent analysis
pk007
Hopes daily candle ends above 1.80200 and H4 time frame come out with big Hamer ???H4 time frame confusing? ?? Nice job Technical thanks for sharing such perfect pairs best of luck
Ansari
simple and Great

thanks Technician
MoatazAwad
Thabk you
Technician
@MoatazAwad, welcome Moataz
mahmutyavuz01
Thanks Best Technician
Technician
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