Possible scenarios on GBPNZD
Updated
Hey traders,
price has reached a strong daily support trendline, which was already tested once before several hours and it made price bounce. However, this doesn't mean that we can't see a spike breaking through the line soon, so stay alerted, about any move. If you stay patient, this pair can hand you hundreds of pips.
Note: Price is still in a descending channel, so this is one more reason it can stay bearish and break through the trendline.
price has reached a strong daily support trendline, which was already tested once before several hours and it made price bounce. However, this doesn't mean that we can't see a spike breaking through the line soon, so stay alerted, about any move. If you stay patient, this pair can hand you hundreds of pips.
Note: Price is still in a descending channel, so this is one more reason it can stay bearish and break through the trendline.
Note
Price on trendline, stay alerted!Note
Went long on the trendline bounce, caught 100 pips in 3 hours. Well done traders!Trade closed: target reached
200 pip move, now we wait for the retest and then back up! :)Trade active
Who gon' chase this possible long move now? 8)
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