Get started
Akshath1994

GBP NZD

Long
British Pound / New Zealand Dollar (FX:GBPNZD)  
Akshath1994 Updated   
FX:GBPNZD   British Pound / New Zealand Dollar
Chart Patterns GBPNZD pips Forex forexsignals forextrading forextrader forextradingeducation profit
1
0
chartpattern gbpnzd pips forex forexsignals forextrading forextrader forextradingeducation profit
GBP NZD - Daily Chart - After seeing a good downtrend, looks like the pair is trying to reverse. Inverted H&S is still in process. Pattern will be confirmed only on breakout. But seeing at the Chart Structure, looks like it will. Patience is the key here. Now as pattern is identified, we will have to wait for breakout before initiating the long trade. Further, though the targets of the Pattern come way above our Resistance Zone, its better to book them at the Resistance Zone itself as the same are in confluence with 0.618 Fibo Retracement
Comment:
Breakout expected today for confirming the validation of Inverted H&S.
Comment:
As expected. Inverted H&S validated due to breakout. Targets and SL placed.
Comment:
Slowly Approaching our Target
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.