On DAILY chart, GBPNZD formed a bullish ENGULFING candlestick, shows that the movement is BULLISH for GBPNZD For at least 10 hours from now.
We have no important fundamental news for GBP tomorrow and all effects done by previous news on this chart.
On 4h timeframe a symmetrical pattern happened, which in this case also shows BULLISH breakout.
On the other hand price touched resistance line for structure resistance for 4 times, shows that this time or next movement will 90% break the resistance area and goes for a bullish move,
Because market is so unusual these days, I prefer to risk before breaking the resistance line and i will personally click on buy GBP NZD BEFORE BREAKING AND RETEST.
There is also a double buttom if you see carefully,
Its a nice place for buy j think.
Trade active.
Low rish low reward,
Use proper risk management please.
Like and comment if you agree or not!
We have no important fundamental news for GBP tomorrow and all effects done by previous news on this chart.
On 4h timeframe a symmetrical pattern happened, which in this case also shows BULLISH breakout.
On the other hand price touched resistance line for structure resistance for 4 times, shows that this time or next movement will 90% break the resistance area and goes for a bullish move,
Because market is so unusual these days, I prefer to risk before breaking the resistance line and i will personally click on buy GBP NZD BEFORE BREAKING AND RETEST.
There is also a double buttom if you see carefully,
Its a nice place for buy j think.
Trade active.
Low rish low reward,
Use proper risk management please.
Like and comment if you agree or not!
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.