GBPNZD / H1 / Daily Forex Technical Analysis / 10.1.201
Updated
Hello Traders, welcome to the Daily Forex technical analysis. Today is October 1st, 2019 and we will be taking a look at the British Pound against the New Zealand Dollar. Looking at the 1 hour time frame, price action is currently retracing and we are looking at the 1.967 area to hold as support. If we do hold at the 1.967 previous support zone we will be looking for optimal conditions to enter a long trade. Entry for a Long position near the 1.96782 area, with a Stop Loss near the 1.95861 zone, with a target profit level area of 1.98678 could possibly ensure a profitable trade with a 2.06 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
Note
Very sorry traders, the green target profit level area dialog box should read with a target level area of 1.98678! Just as it states in the other green dialog box.
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