GBPNZD: Long
Montly: - Bearish W with a clear resistance zone (Bearish)
Weekly: - We broke our last LH (Bearish) - We received an M formation so we can expect the price to come back to retest this zone - We have a nice buying region which acted like support a few times back in the history --> see black arrows!
Daily: - W pattern received on the Daily for more upside momentum with a smaller Bullish M (Bullish) 
4H: - clear break of HL (Bullish) - Inv. H&S received - clear ascending trend line holding our price up
- we had a nice S&D zone that we broke now we want to see now if this will be a false break that we can come back above the grey zone otherwise my trade will be a -1%
Montly: - Bearish W with a clear resistance zone (Bearish)
Weekly: - We broke our last LH (Bearish) - We received an M formation so we can expect the price to come back to retest this zone - We have a nice buying region which acted like support a few times back in the history --> see black arrows!
4H: - clear break of HL (Bullish) - Inv. H&S received - clear ascending trend line holding our price up
- we had a nice S&D zone that we broke now we want to see now if this will be a false break that we can come back above the grey zone otherwise my trade will be a -1%
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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.
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.