Starting with Aug, GbpNzd is in a clear uptrend, putting in higher lows and higher highs
After rising 2000 pips and reaching 2.05 resistance, the pair corrected and we have a false break of 2.0 psychological support at the beginning of the month
The pair recovered above this support quickly and now is trading at 2.0140
We believe that a next leg up is underway and 2.05 figure will be challenged again soon
Strategy:
Look to buy lows
SL under 2.0
TP @ 2.05
After rising 2000 pips and reaching 2.05 resistance, the pair corrected and we have a false break of 2.0 psychological support at the beginning of the month
The pair recovered above this support quickly and now is trading at 2.0140
We believe that a next leg up is underway and 2.05 figure will be challenged again soon
Strategy:
Look to buy lows
SL under 2.0
TP @ 2.05
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.