GBP/NZD Bullish King’s Crown Formation
Updated
For the past 2 weeks we've seen the price of GBP/NZD retrace to 61.8% level.
But the price still keeps making Higher Highs and Lower Lows. MACD turns up.
This is Bullish Crown Formation for turning the mid term from bearish to bullish (resuming to the bullish long term).
Now is the perfect moment to get in a Trade.
Buy: at 2.2900 (61.8% fib retracement level)
Stop Loss: 2.2400 (Below the Swing Low, if price brake that level trade invalidation)
Target: 2.5200 (127.2% fib extension level)
But the price still keeps making Higher Highs and Lower Lows. MACD turns up.
This is Bullish Crown Formation for turning the mid term from bearish to bullish (resuming to the bullish long term).
Now is the perfect moment to get in a Trade.
Buy: at 2.2900 (61.8% fib retracement level)
Stop Loss: 2.2400 (Below the Swing Low, if price brake that level trade invalidation)
Target: 2.5200 (127.2% fib extension level)
Trade active
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