Foreigncurrency
GBPNZD Target Price 1.97131 Entry Price 1.96000GBPNZD. Candlestick wick intersects EMA 10, EMA 20, 0.382 Fibonacci Retracement, Horizontal Support Resistance Level.
Target 1.97131
Entry 1.96000
Stop 1.95222 (50% Fibonacci Retracement)
NOTE: Stop Loss is below EMA 20 Close Price and Low Price of candlestick.
CADJPY Target Price 88.042Initially, I was look for a sell at this horizontal support resistance line. After price broke and closed above horizontal support resistance line, I was looking for a buy signal on the H1, H2, H3, or H4 Chart. A bullish rejection candle was formed on the H1 Chart at 16:00 on July 28th.
Note. It is important to wait and see if a rejection candle will form at the horizontal level before entering a trade.