ForecastCity_ME

Don't miss the great buy opportunity in GBPNZD

Long
FX:GBPNZD   British Pound / New Zealand Dollar
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.91400). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. GBPNZD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 58.

Take Profits:
TP1= @ 1.93000
TP2= @ 1.94200
TP3= @ 1.96200
TP4= @ 1.97600
TP5= @ 2.00000

SL= Break below S2

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Comments

Thank you for your perfect Support / Resistance and Technical Analysis!
+1 Reply
ForecastCity_ME Shiva_forex
@Shiva_forex, We appreciate your feedback.
Reply
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