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GBP/NZD Potential Upward Movement

GBP/NZD Long-Term Trend: Bullish

Key Resistance Levels: 1.9504, 1.9537, 1.9578

Key Support Levels: 1.9402, 1.9359, 1.9308

4-Hour Chart:

The price on the higher time frame has recently reversed the direction after having a small bearish run. There are a few big rejection wicks seen which indicate a bullish buildup and the resistance level of 1.9430 is also getting broken.

GBP/NZD Medium-Term Trend: Bullish

30-Minute Chart:

On the lower time frame, the pair is moving in the major trend’s direction. The price traded between a range of 1.9308 and 1.9359 for some time and then the upper range was broken with good momentum. It has also broken and retested a minor level of 1.9402 before continuing momentum. 

Signal Idea:

Buy Stop Order @ 1.9445

TP 1 @ 1.9496

TP 2 @ 1.9547

Stop Loss @ 1.9394

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

7 comments

  1. question about the copytrader on this trade. It triggered the trade and set sl/tp fine, but last night’s SL edit didnt copy over. had to manually change and close trade at breakeven. this happen to anyone else/ know a fix?

  2. Till which target should I hold the trade, tp1 or tp2?

  3. Whats the order validity period for this trade..

  4. The trade is not triggered, tight?

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