Possible scenarios on GBPNZD
Hey traders,
price has reached a strong daily support trendline, which was already tested once before several hours and it made price bounce. However, this doesn't mean that we can't see a spike breaking through the line soon, so stay alerted, about any move. If you stay patient, this pair can hand you hundreds of pips.
Note: Price is still in a descending channel, so this is one more reason it can stay bearish and break through the trendline.
price has reached a strong daily support trendline, which was already tested once before several hours and it made price bounce. However, this doesn't mean that we can't see a spike breaking through the line soon, so stay alerted, about any move. If you stay patient, this pair can hand you hundreds of pips.
Note: Price is still in a descending channel, so this is one more reason it can stay bearish and break through the trendline.
Comment:
Price on trendline, stay alerted!
Comment:
Went long on the trendline bounce, caught 100 pips in 3 hours. Well done traders!
Trade closed: target reached:
200 pip move, now we wait for the retest and then back up! :)
Trade active:
Who gon' chase this possible long move now? 8)