British Pound / New Zealand Dollar
Long
Updated

Trade idea - GBPNZD Long

103
1H

Corrective approach towards entry zone.

Market moving in Descending channel.

= Instant market execution Buy.

1.5% risk.

Aiming to take full profit at Daily TP.
Note
3M

Bullish M pattern potentially in play.

Clear support & resistance zone is there.

snapshot
Note
WEEKLY

Bullish impulse: indication.

Inverse Head & Shoulders pattern: confirmation.

Clear support & resistance zone is there.

snapshot
Note
DAILY

Bullish impulse / new HH: indication.

Bullish M pattern: confirmation.

Aligning perfectly with Weekly zone & pattern.

Ascending trend line holding up the price.

snapshot
Trade active
Active
Trade closed: stop reached
-1.5%.

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.