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Gbp-nzd

GBPNZD: Sideways opportunity for the next 5 months.GBPNZD followed the direction set on our November call and pull back to the symmetrical (black dashed line) support: As mentioned then, this is repeating the late 2017/ early 2018 pattern. Since the uptrend was rejected on the 2.04750 1M Resistance and the price pulled back, with 1D turning neutral (RSI = 55.295, ADX = 26.734, Highs/Lows = 0.0000), we are expecting sideways price action for the next 5 months within the 1M Resistance (2.04750) and the MA200 (orange line) on the 1D chart. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
by InvestingScope
GBPNZD, Great Britain Pound - New Zealand Dollar: RectangleFX:GBPNZD The breakout of resistance or support could lead this cross to a new trend. What would be done in that case? We put the order to market after the confirmation of the weekly closing of the candle, we define the stop loss on the basis of the parameters of our strategy, we follow the trend in a systematic way without being taken by the fear of closing the trade in advance for the price to go back or without thinking that the trend could last forever. Why do we do this? Because we allow ourselves to go earn enough to pay the small losses of the false signals plus the profits that make the difference on our equity line. Happy Trading at All!
by SwissTradingSchool