Hi everyone:
Similar like my GBPAUD trade, GPBNZD is looking for another move to the upside, and we can see a huge potential in this trade.
On the daily chart, the price actio reject the 1.8660 level, a strong support/resistance level, and also 50.00% fib level to form a higher low.
On the 4 hr chart, we can see the price action has a strong bullish momentum after bouncing off the 1.8660 level. Noe it is consolidating, a potential bullish flag is forming.
Enter at the break out would a nice risk:reward entry, targeting the two daily resistance level.
Thank you
Similar like my GBPAUD trade, GPBNZD is looking for another move to the upside, and we can see a huge potential in this trade.
On the daily chart, the price actio reject the 1.8660 level, a strong support/resistance level, and also 50.00% fib level to form a higher low.
On the 4 hr chart, we can see the price action has a strong bullish momentum after bouncing off the 1.8660 level. Noe it is consolidating, a potential bullish flag is forming.
Enter at the break out would a nice risk:reward entry, targeting the two daily resistance level.
Thank you
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Daily Analysis:
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First TP hit for 4.8% profit.
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