GBPNZD: Target 1 hit! 💗...What's next?
As we can see from our last setup (see chart below) the 
GBPNZD pair reached our first target around 2.0087, but at the same time, I don't rule out reaching our old Target 2 (now Target 1) around 1.9850 area.
Technically speaking, the pair might develop something like an ABC Pattern as the main trend still remains bullish on intraday chart.
PREVIOS ANALYSIS
(Click and Play on Chart below)
Trade with care!
Like if my analysis is useful.
Cheers!
GBPNZD pair reached our first target around 2.0087, but at the same time, I don't rule out reaching our old Target 2 (now Target 1) around 1.9850 area.Technically speaking, the pair might develop something like an ABC Pattern as the main trend still remains bullish on intraday chart.
PREVIOS ANALYSIS
(Click and Play on Chart below)
Trade with care!
Like if my analysis is useful.
Cheers!
Note
Note
Note
Note
approach to first supportNote
Approach to the last support area, if from here the pair will trigger a rebound, from a technical point of view it should be sold...Note
...rebound in play?Note
...still in playNote
The pair has successfully rebounded from our support around 1.9873, but as we said in previous updates, the technical bounce should be sold by the market. That said, our strategy hasn't changed and our Target is still valid.Trade closed: target reached
Target 1 hit 💗Note
Even if our first Target was hit correctly, I expect a new low on intraday chart, and this swing might push the price around 1.9805 area in near term.Note
? ? ? Trade closed: target reached
Target 2 hit 💗Having said that, I personally want to thank the 12 traders who supported my setup with a simple Like, but above all I thank them for respecting the work of others, and I wish them all the best!
Note
Nice rally after out Target.....
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.