GBPNZD Intraday Analysis
Updated
Huge Move Ahead! GN's currently at a STRONG bottom key level which's also on the daily's trend line. Last week, we were given a similar set-up as a reversal pattern was created at this level before a long position was called up to the mid levels resistance area. Today, there's a reversal pattern forming on lower time frames (1H) and already formed on even lower time frames (M15). Overall, we're looking to go long again for a 200 Pip move! Comment below your thoughts, please.
Trade closed: target reached
TP1 was hit for 150 Pips!Trade closed: target reached
TP2 was hit for 270 Pips!Note
The area price’s currently in, after reaching our target, is a strong resistance level. We’re waiting for sell confirmations to enter a short position now.Trade closed: target reached
Resistance level and Trend line broke, a re-entry for continuation of the long position was confirmed. TP3 was hit for 400 Pips total!Trade closed: target reached
The Long Position reached our targets and was over, we then waited for a Sell confirmation. GN formed a Head and Shoulders Reversal Pattern and we entered for a Short Position. Our target was reached for 150 Pips!
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