samsane
Guys check out my detailed analysis and please like and leave a comment. thanks.
this is a buy signal based on supply and demand in confluence with W and M formations. i believe this is going to be another good trade inrespective of the outcome.
I just sold Gbpusd, Gbpyen and Eurusd for a very high reward setup. it is simply support and resistance zones. your first target should be at least the 38% fib level taken on the four hour timeframe for very conservative and fearful traders.
possible short entry. Price is currently testing a strong level. lets see if it holds.
THis is a very good opportunity as all timeframes are Allign. enjoy the ride up. We have made some pips from eur/usd of recent.
Now is the time to sell. the overdue correction has started. let make some pips.
Wait for break of structure. Patience is KEY. there will be plenty opportunity to the downside.
IF The support is broken to the downside then i believe that will be the start of a nice Correction to the downside. a massive opportunity is waiting on the downside.
This is low Risk, High reward trade. not sure if that is a good entry but i will never be bullish on this pair in the short term. A massive correction is overdue for this pair.
This is a very good short with excellent risk reward.
just a remainder for those that did not get in on friday. I hope this analysis help.
GBP/NZD BULLISH. buy now price is at a strong daily support. Use T.P as u desired but with at least 1:2 risk/reward