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Bearish price action and pressure.
Break below previous lows and support zone of short/midterm long holders.
Market structure at a strong support zone, expecting some bullish price action now!
BOOM! A N O T H E R setup to stalk... I should CHARGE for this!
Anyways, keep yo eyes open and if price action permits... hop in for the long!
Because med-term trend is bullish, price is close to support, 20MA and 50MA are bullish, price is in a tested wedge.
But remember one thing... ONLY ENTER IF PRICE ACTION + CURRENCY STRENGTH + ANY OTHER...
GBPNZD, -has just broken Daily EMA200 & retrace to reject EMA200 to act as a dynamic support.
-broken 0.5% Fibo and retraced back to 0.5 level so there's a high chance of it bouncing right off to head towards the next level of resistance.
A buy stop is placed 10 pips above current resistance level on H4 , waiting the breakout to capture 50-100...
Observamos un canal cuyo recorrido paralelo es de aproximadamente de 600 pips. Esperamos a que continue en alza desde su punto actual hasta que rompa la línea del canal interno, o un retroceso previo, de aproximadamente 20, 30 pips.
1. En dado caso de continuar la tendencia e irse en alza, nuestra entrada estaría luego de romper la línea del canal interno.
GBP/NZD - Rising channel on the 1 Day time frame. A long (buy) opportunity is currently as the market is now touching the lower support level. This standard swing trade offers a generous risk/reward ratio.
Disclaimer. Traders might want to consider further technical & fundamental analysis before entering a trade like this. For suggest entry, stoploss and...
According Mark McCormick, Global Head of FX Strategy at TD Securities, suggests to go long on GBP/NZD cross at current levels, targeting a move to 1.90 and a stop of 1.8445.
“While all the G10 shows downside growth momentum, the USD, for its part, falls into the worst quadrant that shows dual deceleration. Even so, NZD takes top shop in terms of the...