A good opportunity to long GBPNZD, rationale is based on the below factors:
1) Historically price below 100 EMA (Amber line - 1 hr chart) has been an opportunity to buy the pullback 2) Up trend on 4hr time frame 3) Up trend on 1hr time frame (Black line drawn) 4) The price is currently at a near term resistance turned support (Black line drawn)
Hope you liked the idea! Keeping it simple and looking at the bigger picture!
Happy Hunting Gang!
Trade closed: stop reached
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Stop was reached. I will attempt to get back into this trade on the 4hr chart to cancel out noise. I will upload if the opportunity arises!