GBPNZD - Bullish Stance despite initial bearish pressure
GBPNZD -
Despite the current bearish pressure on the pair due to the asset's allegedly impending Double Top formation, recent estimates indicate that the 2.0045 level is the best for buying again. However, since a trial is under progress, prices might not reach that point before purchasing picks back up.
Though it appears to be a double top, technically it actually isn't; at least, it's not suited for trading decisions, thus the so-called double top formation is destined to fail at some point...
To summarize, buy the dips on the pair with an eye toward the 2.089xxxx level as a long-term target.
Heed your DD!
Despite the current bearish pressure on the pair due to the asset's allegedly impending Double Top formation, recent estimates indicate that the 2.0045 level is the best for buying again. However, since a trial is under progress, prices might not reach that point before purchasing picks back up.
Though it appears to be a double top, technically it actually isn't; at least, it's not suited for trading decisions, thus the so-called double top formation is destined to fail at some point...
To summarize, buy the dips on the pair with an eye toward the 2.089xxxx level as a long-term target.
Heed your DD!
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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.
Related publications
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.