GBPNZD BUY THE PULLBACK
Updated
Hi traders:
We have a long opportunity on GBPNZD, as the price action has been in an over extended daily run to the down side, now rejecting support. On the 4 hr chart we have a falling wedge, and price action broke out of it.
Now we can wait for a higher low to develop, confirming a trend change on the 4 hr, and a daily pullback to roughly 1.7900/
TP 1: 1.7725
TP 2: 1.7900
Thank you for your support and feedback.
We have a long opportunity on GBPNZD, as the price action has been in an over extended daily run to the down side, now rejecting support. On the 4 hr chart we have a falling wedge, and price action broke out of it.
Now we can wait for a higher low to develop, confirming a trend change on the 4 hr, and a daily pullback to roughly 1.7900/
TP 1: 1.7725
TP 2: 1.7900
Thank you for your support and feedback.
Comment
Here is the daily chart Trade closed: target reached
TP1 hit for 2.29% profitTrade closed: target reached
2nd TP hit
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