GBPNZD setup for Long Position
Updated
The completion of a head and shoulders pattern with price approaching a significant supply key level and showing signs of rejection. The trendline also gives directional clarity of the market. With additional confluence to price action, a long entry for the week can be made provided teh criteria are met.
Note
In case an aggressive entry is required a buy from the key level after confirmation is possible. Also, a sell setup can be taken if the key suppport level is broken and struture is maintained, the long setup will be invalid. The BXY is a good correspondent for the trade idea. Goodluck out there.👍
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