GBPNZD Long
GBPNZD broke the channel. It bounced off 6 times before breaking. In my opinion, it is currently testing new support before another bullish move up. Also, retracement seems to be slowing down at the golden ratio. Institutional pause from 2.04758 until 2.04116. Currently waiting for a sign of trend reversal with price action.
Nota
bullish engulfing on the hourly chart, so far so good. price needs to close above 2.05290 on the 4h chart to give us a nice morning star pattern
Aviso legal
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