FX:GBPNZD
As you can see that, GBPNZD is in consolidation more than 2 days. If it breaks the resistance then we can plan for buy side. plan your trade accordingly...
We provide GBPNZD 4 hour chart analysis. this chart make head and shoulder pattern. if market brake high and come to retracement then entry buy position stop loss and target it's your choice. proper follow trading rules, money management etc. we provide daily 5-6 forex chart. and analysis next market move, chart pattern, forex, stock market crypto currency etc....
FX:GBPNZD
As you can see that GBPNZD is formed uptrend channel pattern in 4HR time frame, If it gives breakout and takes retest then we can plan for buying side ( wait for breakout )plan your trade accordingly...
GBPNZD -LONG setup.
GBPNZD reaches the perfect DAILY support.
Most probably next 2 weeks, this currency pair will be in an uptrend for the next two weeks!
Hello Traders,
Here is the Top-Down Analysis of GBPNZD (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 44 - 26 Oct
M > Market is moving in a rising channel. Price reached support of channel coinciding with monthly support, faced rejection and started upward move creating a double bottom.
W > Price pulled up till 0.618 Fib level on last...
The cycle in wave (W) ended at 2.0566 where the 4 hour is turning down. While below the 1.9839 highs where the hourly is turning down the pair can continue lower again to correct the cycle up from the 12/12/2018 lows.
The pair has formed an inverted head and shoulder patttern on daily basis. The prices are at the bottom of the second shoulder and is supported by 21 days EMA. Buy the pair as soon as the prices sustain above the necline at 1.93541 i.e. a daily closing above this level. The price may hover between the height of the second shoulder which is a good sign before a...
