Week 32: GBPNZD - Slightly bullish
Another trade that did not trigger my limit, but nevertheless nice analysis last week.
Meanwhile, I am slightly bullish on this pair, similar with GBPAUD. With Friday making a full blown bearish candle, I am expecting price to break out of this current trench. However, there is a nice support around 1.706 region where price can be supported by 3 high volume candles, COC and overlapping of trench. I will take my long here as long as this level is holding and there is a bullish signal.
Meanwhile, I am slightly bullish on this pair, similar with GBPAUD. With Friday making a full blown bearish candle, I am expecting price to break out of this current trench. However, there is a nice support around 1.706 region where price can be supported by 3 high volume candles, COC and overlapping of trench. I will take my long here as long as this level is holding and there is a bullish signal.
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