GBPNZD a hidden bullish divergence is taking shape.

GBPNZD is currently trying to recover from an aggressive downtrend due to the war in Ukraine. Technical indicators are showing a hidden bullish divergence on the daily chart and could signal at least a good bullish bounce. It is a high risk trade however, due to very uncertain fundamentals, as NZD has benefited from the events in Europe due to its geographical location and being linked to commodities prices.

Comentário:

What a ride so far! The trade almost reached my target and then proceeded to drill down and break the support line. It is still open but I'm prepared to go into a recovery trade if MACD flips red.

Trade fechado manualmente:

Reached target :)