my own prediction - (this upcoming week)
gbp - bullish
nzd - bearish
as long as h4 wick engulfs and closes above the ascending downwards trendline price should continue going up towards 2.0 even 2.02
looking at the chart you can see GBP break out of its downtrend multiple times and based on its current setup it may be looking to break out once again.
best of luck trading this week everyone!
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trade at your own risk - not financial advice
gbp - bullish
nzd - bearish
as long as h4 wick engulfs and closes above the ascending downwards trendline price should continue going up towards 2.0 even 2.02
looking at the chart you can see GBP break out of its downtrend multiple times and based on its current setup it may be looking to break out once again.
best of luck trading this week everyone!
------------
trade at your own risk - not financial advice
Note
no entry so far, market structure looks to be changing, we'll be waiting this one out for now.Note
UPDATE - entering longs with TP set to 2.00500 and SL set to 0.96109price may be faking out below the accending trend line.
Trade closed: target reached
price hit 2.00500 and full profits were booked👍
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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.
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.