Buying opportunity with GBP/NZD
In the picture above, we can see that price is in a Ranging channel and within that ranging channel I spotted a descending channel. And within that channel I have spotted another channel. Price broke out the channel and broke above market structure (Lower high) in an impulsive manner. Price is currently retesting the breakout area, if price rejects that area we could see price become bullish all the way to the resistance of the Range channel.
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