Week 28 GBPNZD: Bullish
Updated
There was a good run to the upside but price decided to return to my Entry position. The candle ended bearishly and I am expecting 1.766 to hold as usual. If 1.766 fails to hold, I will look to hedge my position and take profit from my short position when price reached 1.753 and shows a bullish candle.
Note
1.766 proving to be strong support while 1.7878 has also prove to be a tough resistance.Note
Very nice whipping action. Price went down, took Stop losses and sell stops and went back to support. The real move maycome soon.
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