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VasilyTrader
May 22, 2020 1:24 PM

GBPNZD On Strong Support! Trading Plan: Long

British Pound/New Zealand DollarFXCM

Description



GBPNZD on strong daily support.

higher lows on 4H chart signify current seller's exhaustion.

to buy with confirmation I am focused on 2.002 minor resistance.
IF we see a 4H candle close above that, I will buy the pair on retest expecting a bullish continuation.

target levels will be:
2.011
2.018

stop will be below the last higher low.

if the market respects the resistance and drops below a current low, setup will be invalid.
Comments
TradingExpertFx
Nice analysis bro!
VasilyTrader
@DaniilSusanin, thank you!!!
pezza82
Computer says yes :)
ProTraderNataliaRUS
@pezza82 nice harmonic pattern
pezza82
VasilyTrader
@pezza82, good outlook!
ChasingTheMoon
Nice Idea, I'm bullish on GN

VasilyTrader
@ChasingTheMoon, thank you)))
wildeagle
not this time. imp,I think it will pull back a bit then go down.
anyway, good luck :)
VasilyTrader
Are you also bullish on GBPNZD?
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