A long trade opportunity recently presented itself on the pound-kiwi trading chart 📈.
This is indicated by the bullish engulfing candlestick 🕯️ pattern just above the 2.02724 horizontal support level.
This indicates a rejection of the same level, with potential price move in the upward 👆 ⬆️ direction.
Sufficient upward momentum should see price rallying towards the 2.05500 psychological level and possibly testing the strength of the 2.05960 horizontal resistance level.
As always, please apply appropriate risk management.
Happy trading!
#GBPNZD #poundkiwi #longsetup #bullishsignal #buy #trading #crosspair
This is indicated by the bullish engulfing candlestick 🕯️ pattern just above the 2.02724 horizontal support level.
This indicates a rejection of the same level, with potential price move in the upward 👆 ⬆️ direction.
Sufficient upward momentum should see price rallying towards the 2.05500 psychological level and possibly testing the strength of the 2.05960 horizontal resistance level.
As always, please apply appropriate risk management.
Happy trading!
#GBPNZD #poundkiwi #longsetup #bullishsignal #buy #trading #crosspair