Morning traders, next week, we will be looking for a clear Bullish Momentum on GBPNZD.
*REASON FOR BUYING*
The price has reached and bounced on our 4HR diagonal support trendline and the market
is currently playing inside our Overall Downtrend Channel.
On the 1HR chart, the market has created a beautiful Falling Wedge and a candlestick formation
confirmed our buys...
Buying possibilities on GBPZAR:
Reason being : the market has a broken Bullish
Channel/Bullish Flag and it is currentley forming a counter
trend and it is at a well respected support level .
This is a confluence because there many
conformations of buying pressure .
