Although the UN's election gived GBP a hard hit, still bullish opinion is held on GBP/NZD.
The double bottom formed and the market is pulling back the 0.618RET where also a good Demand Zone locates.
Meanwhile the strong support also works at this zone.
Additionally, the bullish Libra Pattern is forming.
Maybe it is a long term buying opportunity.
So it is good to buy at 1.750-1.763 levels when the price pulls back again and gives signals in the PRZ.
SL: below 1.740
TP1: 1.874
TP2: 2.0 and further more
The double bottom formed and the market is pulling back the 0.618RET where also a good Demand Zone locates.
Meanwhile the strong support also works at this zone.
Additionally, the bullish Libra Pattern is forming.
Maybe it is a long term buying opportunity.
So it is good to buy at 1.750-1.763 levels when the price pulls back again and gives signals in the PRZ.
SL: below 1.740
TP1: 1.874
TP2: 2.0 and further more
Trade active
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.
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.