We can see an attempt to break the bottom of the channel and its failure with a V-shape .
Now price is holding right above channel bottom .
Zooming into daily time frame we can see a triangle formed.
So i want to be where price is moving fast in one direction , Therefore i'll try to buy inside day before the break happens .
* If you start buying on intraday support you can catch the low of the triangle .
Best of luck :-)
Now price is holding right above channel bottom .
Zooming into daily time frame we can see a triangle formed.
So i want to be where price is moving fast in one direction , Therefore i'll try to buy inside day before the break happens .
* If you start buying on intraday support you can catch the low of the triangle .
Best of luck :-)
Comment:
GBPNZD 4 HOUR CHART
Comment:
700 pips :-)