GBP/ NZD !! 15/2/2024 break the DOWN trend⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
Break the trend Down in H1 frame, test the trend. Price moves towards the support zone. Set up BUY signal
⭐️ SET UP GBP/NZD PRICE:
🔥BUY GOLD zone: 2.06550 - 2.05350 SL 2.06050
TP1: 2.06850
TP2: 2.07150
TP3: 2.07550
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. test trend DOWN
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Longgbpnzd
long GBP/NZDFundamentals:- With the BOE slowly having its members move over to the rate hiking side of coin we can expect further downside of the GBP to be limited to previous support levels. Business confidence in NZD has fallen consistently for several readings and the dry weather has not helped GDP. We can expect the RBNZ to keep rates on hold for some time and economic growth to be slow in New Zealand.
Technicals:- The current price is banging up upon a local support area and should act as a catalyst for the next up move.
Potential Bullish Cypher & Bat : Yet to form in GBPNZD !Hey Guys,
Just got back after weekend and found this potential pattern opportunity,so shared with you to get on board as there is plenty of time remains for pattern completion.
Both the patterns are still in formation, lets wait for market to come to our D points for Entry then we will go Long in GBPNZD after checking our Risk:Reward ratio.
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