GBPNZD is about to break the correction structure in Daily timeframe.
It seems it will impulse above trendline --> cosolidate in above trendline --> impulse to the top
We have 2 choices
1) Wait for impulse above the trendline and then buy
2) Wait for impulse --> correction above trendline and then buy
However keep in mind, if it breaks down we are going for a deeper correction in Daily timeframe, so it will cancel the current structure
Remember enter in a position ONLY when a break happens
It is just my opinion, i hope it helps!
Thank you!
It seems it will impulse above trendline --> cosolidate in above trendline --> impulse to the top
We have 2 choices
1) Wait for impulse above the trendline and then buy
2) Wait for impulse --> correction above trendline and then buy
However keep in mind, if it breaks down we are going for a deeper correction in Daily timeframe, so it will cancel the current structure
Remember enter in a position ONLY when a break happens
It is just my opinion, i hope it helps!
Thank you!
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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.