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ShinForex1

Gbp/Nzd Buy Setup

Long
British Pound / New Zealand Dollar (FX:GBPNZD)  
ShinForex1  
FX:GBPNZD   British Pound / New Zealand Dollar
Trend Analysis Harmonic Patterns Chart Patterns pound GBPNZD Forex marketstructure Double Bottom doublebottompattern
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trendanalysis harmonicpatterns chartpattern pound gbpnzd forex marketstructure doublebottom doublebottompattern
We are seeing in Daily timeframe price action is still in overall uptrend

==> Price in H4 and H1 is retesting the support area and also price is forming a double bottom


==> Price action is now retraced after breaking the neckline of the double bottom which give it a nice risk to reward setup for a continuation based on the range of the double bottom length


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