if we buy is because of equlize the momentum and if we sell is because trend is our friend.. lets go
This GBPNZD is in strong short trend momentum... what we try as retail trader is to catch up the move and fly with them big banks who are price money holders. don't long wait for short and fly with their move.
THE MARKET PROVIDE 9 REASON TO TAKE A LONG OPPORTUNITY... TECHNICAL ANALYSIS... 1.Price nearly 0.72 psychology level... 2.dynamic support EMA 50... 3.trend line support an upward move.. 4.Wave 5 complete now we having intermediate wave c to complete ABC pattern... 5.Retest the neckline formation of m or w inducement and its retrace... 6.break out structure...
TECHNCICAL ANALYSIS FIRST; now we wait for A>B>C PATTERN to complete wave 4 n 5 are need another clues to show future price move we might have. PSYCHOLOGY LEVELS N DEMAND AND SUPPLY TO CHECK: Price from 1.25 having upward push due to our last demand APPROVED by BULLISH PIN BAR in last zone of 1.25... HUGE momentum shown by 4h candle releif as to buy the price......