GBPNZD has been in downtrend for a period of time until it came to DEMAND ZONE and FAILED to make lower.
At the moment price is moving in consolidation and likely to build up as IN ACCUMULATION PHASE.
Wait for price to break above the UPPER RANGE with strong bull momentum.
Potential 2R reward.
At the moment price is moving in consolidation and likely to build up as IN ACCUMULATION PHASE.
Wait for price to break above the UPPER RANGE with strong bull momentum.
Potential 2R reward.
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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.