Evening Traders,
Today’s analysis – GBNZD- trading at a key trade location where a bounce is probable,
Points to consider,
- Price Action Impulsive
- VWAP S/R Support
- .618 Fibonacci Support
- Low Volume
- Trend
GBPNZD’s immediate price action is trading at an area of confluence with the .618 Fibonacci and the VWAP S/R, allowing for a bullish bias.
The current volume profile is below average, an influx is highly imminent on the next expansion.
The target is the swing high, exceeding this level will lead to a trend continuation.
Overall, in my opinion, GBPNOZD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“Where you want to be is always in control, never wishing, always trading, and always first and foremost protecting your butt.” – Paul Tudor Jones
Today’s analysis – GBNZD- trading at a key trade location where a bounce is probable,
Points to consider,
- Price Action Impulsive
- VWAP S/R Support
- .618 Fibonacci Support
- Low Volume
- Trend
GBPNZD’s immediate price action is trading at an area of confluence with the .618 Fibonacci and the VWAP S/R, allowing for a bullish bias.
The current volume profile is below average, an influx is highly imminent on the next expansion.
The target is the swing high, exceeding this level will lead to a trend continuation.
Overall, in my opinion, GBPNOZD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“Where you want to be is always in control, never wishing, always trading, and always first and foremost protecting your butt.” – Paul Tudor Jones