GBPNZD 240M: Breakout of Trendline + Retest
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The GBPNZD just broke the lower Trendline and now retests the privous price level. A good opportunity to get involved in the trade. We expect price to move down to retest the previous swing low level.
The GBPNZD just broke the lower Trendline and now retests the privous price level. A good opportunity to get involved in the trade. We expect price to move down to retest the previous swing low level.
Note
Price dropped in our direction. Waiting for the candle to close below the last swing lowNote
Break of Structure to the downside going further in our favourNote
waiting for the next swing to break at 2.2825.Note
we are getting closer to our take-profit zone. SL goes to break-evenNote
Just hit our profit target.
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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.