GBPNZD - BUY ABOVE 1.965/.970 SUPPORT
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PAIR FORMS A POSSIBLE W - PATTERN
W pattern has double bottom and the right-hand bullish move to complete the "W" shape is to target the neckline
and then the double top (provided the neckline is broken upside). But be rest assured that most times, if this is
truly a W - pattern, then the neckline is a must to be achieved by the bullish move.
Also, the double bottom is a key support level that is obeyed currently, as seen in the candlesticks formed by the
price action.
Above all, follow your trading plan and risk management, as well as the disclaimer below!
DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is strictly for
educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable at all.
Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can
not afford to lose.
PAIR FORMS A POSSIBLE W - PATTERN
W pattern has double bottom and the right-hand bullish move to complete the "W" shape is to target the neckline
and then the double top (provided the neckline is broken upside). But be rest assured that most times, if this is
truly a W - pattern, then the neckline is a must to be achieved by the bullish move.
Also, the double bottom is a key support level that is obeyed currently, as seen in the candlesticks formed by the
price action.
Above all, follow your trading plan and risk management, as well as the disclaimer below!
DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is strictly for
educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable at all.
Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can
not afford to lose.
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.
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.