GBPNZD Daily
In #gbpnzd, we're looking at a buy idea. First off the pair has created a sharp but clear enough downward trendline and started to bottom out at major support of 1.86150. We can see a W or double bottom formation forming, we'll have to see if price breaks out of the trendline and start heading towards the upside or create a third leg and then start flying for hundreds of pips yet it is still early for it. When we place our fib from the high to the low, there is a sight resistance at the 38.2 point of the fib. we could see price hit that and consolidate for a bit or start dropping.
When the pair starts to create more and more confirmations I'll call it out in the telegram channels and our Instagram.
instagram: @lehforex
telegram: t.me/Lehforex
In #gbpnzd, we're looking at a buy idea. First off the pair has created a sharp but clear enough downward trendline and started to bottom out at major support of 1.86150. We can see a W or double bottom formation forming, we'll have to see if price breaks out of the trendline and start heading towards the upside or create a third leg and then start flying for hundreds of pips yet it is still early for it. When we place our fib from the high to the low, there is a sight resistance at the 38.2 point of the fib. we could see price hit that and consolidate for a bit or start dropping.
When the pair starts to create more and more confirmations I'll call it out in the telegram channels and our Instagram.
instagram: @lehforex
telegram: t.me/Lehforex
Trade ativo:
we started our entry at 1.86150 this during london session when the pair created a thrid leg. we moved our stop loss to break even when it hit +35 pip profits and expect it to continue upwards over the next couple weeks.