GBP/NZD approaching very important target and fill of GAP
Updated
Hey,
I would like to demonstrate the power of D-levels here. Take note how the COPs and OPs here gave good bounces and with that good chances to enter short again into the main Trend as shown in weekly and monthly chart.
Also note how the recent COP gave almost no resistance and this is a very nice sign that Price should continue rather quick to the next Target. This next Target comes in at 2.02 to 2.01 and is a combination of OP and XOP. This could be very powerful and warrant a long entry there. Important might be that some brokers had gaps in this chart because of election in England and because of a very bad GDP in New Zealand (The GDP Gap was at 2.17 and has already been filled, the Election Gap at 2.05 is about to become filled!)
Take Care
I would like to demonstrate the power of D-levels here. Take note how the COPs and OPs here gave good bounces and with that good chances to enter short again into the main Trend as shown in weekly and monthly chart.
Also note how the recent COP gave almost no resistance and this is a very nice sign that Price should continue rather quick to the next Target. This next Target comes in at 2.02 to 2.01 and is a combination of OP and XOP. This could be very powerful and warrant a long entry there. Important might be that some brokers had gaps in this chart because of election in England and because of a very bad GDP in New Zealand (The GDP Gap was at 2.17 and has already been filled, the Election Gap at 2.05 is about to become filled!)
Take Care
Note
Area coming up, took a while but this is often the case, patience pays...
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