GBPNZD a hidden bullish divergence is taking shape.
Updated
GBPNZD is currently trying to recover from an aggressive downtrend due to the war in Ukraine. Technical indicators are showing a hidden bullish divergence on the daily chart and could signal at least a good bullish bounce. It is a high risk trade however, due to very uncertain fundamentals, as NZD has benefited from the events in Europe due to its geographical location and being linked to commodities prices.
Comment
What a ride so far! The trade almost reached my target and then proceeded to drill down and break the support line. It is still open but I'm prepared to go into a recovery trade if MACD flips red.Trade closed manually
Reached target :)Disclaimer
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