Trade idea - GBPNZD Long

Updated
1H

Corrective approach towards entry zone.

Market moving in Descending channel.

= Instant market execution Buy.

1.5% risk.

Aiming to take full profit at Daily TP.
Note
3M

Bullish M pattern potentially in play.

Clear support & resistance zone is there.

snapshot
Note
WEEKLY

Bullish impulse: indication.

Inverse Head & Shoulders pattern: confirmation.

Clear support & resistance zone is there.

snapshot
Note
DAILY

Bullish impulse / new HH: indication.

Bullish M pattern: confirmation.

Aligning perfectly with Weekly zone & pattern.

Ascending trend line holding up the price.

snapshot
Trade active
Active
Trade closed: stop reached
-1.5%.
Chart PatternsForexfxtradingGBPNZDgbpnzdlonglongsetupnoindicatorspriceactionsupply_and_demandSupport and ResistanceTechnical AnalysisTrend Analysis

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