GBP/NZD Long-Term Trend: Bullish
Key Resistance Levels: 1.95909, 1.96358, 1.96821.
Key Support Levels: 1.94785, 1.94476, 1.9400.
1-Hr Time Frame:
The price on the higher time frame we can see that the market reversed and broke the bearish channel to the upside and started to post higher highs and lows signaling that we are in a clear upward movement.
GBP/NZD Medium-Term Trend: Bullish
15-Mins Time Frame:
On the lower time frame, the price is trending inside a bullish channel formation where it succeeded to break the bullish flag to the upside and closed above the strong resistance around the 1.94770 NZD mark. A lower correction could be seen to the highlighled zone before a new bullish impulsive wave toward the target profits.
Buy Limit Order @ 1.94770
TP 1 @ 1.95665
TP 2 @ 1.95909
Stop Loss @ 1.94368
Trade Safely 🙂