Based on the 4H chart and as shown on the chart, GBPNZD has lost some strength after slipping back into a deadfall creating this clear opportunity for a retracement to the north side inside this downtrend channel.
-> Our main confirmations are the rejection at the bottom of the trend line
-> The trend line itself
-> And the green 4H candle indicating a likely chance for bulls to take over the 4H chart.
Trade safe and protect your capital at all cost. GOOD LUCK!
-> Our main confirmations are the rejection at the bottom of the trend line
-> The trend line itself
-> And the green 4H candle indicating a likely chance for bulls to take over the 4H chart.
Trade safe and protect your capital at all cost. GOOD LUCK!
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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.