Gbpnzdlong
Long Position on GBPNZD 4HHello Traders!
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🚀BUY Execution according to the market.
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GBPNZD | SWING - 21. AUGU. 2020Hello Traders Welcome Back.
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
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GBP/NZD Technical Analysis
The counter has formed a topping out formation in the near-term.
It made a double top and has broken a key support level of 1.99508.
Further, the round number of 2.00 can act as a psychological barrier in the near-term.
Though a pullback to the top cannot be ruled out, we still expect the pair to be bearish in the near-term.
GBPNZD - Waiting for BiasI still havent got a bias on this pair, I am waiting for price to break out either way. I would prefer price to break the ascending trendline as it gives us a better risk to reward trade, but we can't pick and chose in the markets, we must take what we are given. Let's see how this pair plays out....