GBP/NZD LONG
Price has been following a very nice upward trend channel, setting HH and HL within the upper and lower trend lines. We have now hit the lower trend line and thrown a beautiful Hammer candle reversal pattern on Daily Support. This has also occurred on the 50 day SMA. We are now looking for the next impulse move higher, with the trend, making a nice long setup.
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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.