Buying GBPNZD swing low.GBPNZD - Intraday - We look to Buy at 1.9600 (stop at 1.9440)
Previous support located at 1.9800.
Previous resistance located at 1.9900.
Further upside is expected although we prefer to set longs at our bespoke support levels at 1.9600, resulting in improved risk/reward.
A move through 1.9900 will confirm the bullish momentum.
Our profit targets will be 1.9970 and 2.0000
Resistance: 1.9900 / 1.9970 / 2.0000
Support: 1.9800 / 1.9600 / 1.9500
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Gbpnzdlongs
Long Gartley Pattern GBPNZD 4HGartley pattern formed this week and got triggered in this afternoon
Previous level of resistance likely to act as support before GBP moves higher.
Entry at: 1.92124
Stop loss at: 1.90807
Target 1 at: 1.93080
Target 2 at: 1.93728
Targets will be moved to account for extension of D leg
GBP_NZD_4H_LongThe long position is taken – 4H -Daily timeframe I checked and last day candle barriers are HL and HH, in 4H also I see the start of a movement from a 4H demand zone, although price broke an ascending channel it was above a fat ascending komu. Also in lower timeframes, I see HL and HH. I enter the long position and the TP is last week High.
R/R = 1:1.1