GBPNZD Long 30m TF
Updated
Double bottom on the 30m tf and the 1H tf.
Two possible entries:
1) 30M TF: Price retests support before pushing to the upside.
Indicator: RSI to test the MA then push to the upside.
2) 1H TF: Double bottom on the 30 min tf & 1 hr tf. Let's see if price will break resistance to the upside and turn it to support. I'd expect a bullish run if that happens.
Indicators: RSI: RSI tested MA and might push to the upside.
MACD: EMA crossover to the upside.
Two possible entries:
1) 30M TF: Price retests support before pushing to the upside.
Indicator: RSI to test the MA then push to the upside.
2) 1H TF: Double bottom on the 30 min tf & 1 hr tf. Let's see if price will break resistance to the upside and turn it to support. I'd expect a bullish run if that happens.
Indicators: RSI: RSI tested MA and might push to the upside.
MACD: EMA crossover to the upside.
Trade active
More consolidation that expected, but price eventually went in the anticipated direction.
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